Raw Data: The US Inflation Rate Is Currently 1.5%

In case you’re curious, here are the latest measures of inflation in the United States:

CPI is the usual Consumer Price Index, the one you see reported in your newspaper every month. PCE is the Personal Consumption Expenditure price index, the one used by the Fed when they set monetary policy. It’s available only through December, but it’s likely that when we get the January number it will be pretty close to the CPI figure of 1.5 percent.

Both measures peaked last July and have been dropping ever since. In particular, the PCE index was above the Fed’s target of 2 percent for only a few months. It fell below the target in September and has stayed below it ever since.

Future inflation expectations have hovered between 2-2.5 percent for the past two years. The average of three different measures (the dashed line in the chart below) is currently a hair above 2 percent:


Mother Jones was founded as a nonprofit in 1976 because we knew corporations and the wealthy wouldn't fund the type of hard-hitting journalism we set out to do.

Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. If you value what you get from Mother Jones, please join us with a tax-deductible donation today so we can keep on doing the type of journalism 2019 demands.

We Recommend


Sign up for our newsletters

Subscribe and we'll send Mother Jones straight to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.


Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.


We have a new comment system! We are now using Coral, from Vox Media, for comments on all new articles. We'd love your feedback.