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Inflation

How fast prices are rising: consumer prices (CPI), the Fed's preferred PCE measure, producer prices, wages and home prices, each as the change over 12 months computed from the official index. From FRED; latest Sep 1, 2026.

Inflation now

CPI inflation, year over year

3.72% +0.36 pts

Sep 2026; change vs prior reading

Computed from the CPI index

FRED CPIAUCSL

Core CPI, year over year

2.57% +0.12 pts

Sep 2026; change vs prior reading

Excludes food and energy

FRED CPILFESL

PCE inflation, year over year

3.42% +0.06 pts

Aug 2026; change vs prior reading

FRED PCEPI

Core PCE inflation, year over year

3.01% +0.02 pts

Aug 2026; change vs prior reading

The Fed's 2% target is set on PCE

FRED PCEPILFE

Producer prices, year over year

6.35% +0.76 pts

Sep 2026; change vs prior reading

FRED PPIFIS

10-year breakeven inflation

2.35% 0.00 pts

Oct 19, 2026; change vs prior reading

FRED T10YIE

Average hourly earnings, year over year

3.02% −0.09 pts

Sep 2026; change vs prior reading

FRED CES0500000003

Home prices, year over year

1.93% +0.32 pts

Jul 2026; change vs prior reading

S&P CoreLogic Case-Shiller national index

FRED CSUSHPINSA

Ten years of inflation

Year-over-year change, computed from each price index.

CPI inflation, year over year

3.72% +0.36 pts Sep 2026

Source: FRED CPIAUCSL. Computed from the CPI index.

Core CPI, year over year

2.57% +0.12 pts Sep 2026

Source: FRED CPILFESL. Excludes food and energy.

PCE inflation, year over year

3.42% +0.06 pts Aug 2026

Source: FRED PCEPI.

Core PCE inflation, year over year

3.01% +0.02 pts Aug 2026

Source: FRED PCEPILFE. The Fed's 2% target is set on PCE.

Producer prices, year over year

6.35% +0.76 pts Sep 2026

Source: FRED PPIFIS.

Home prices, year over year

1.93% +0.32 pts Jul 2026

Source: FRED CSUSHPINSA. S&P CoreLogic Case-Shiller national index.

Month by month

The last 24 months. One-month changes are not annualized.

MonthCPI, 12 monthsCPI, 1 monthCore CPI, 12 monthsCore CPI, 1 monthPCE, 12 monthsCore PCE, 12 months
Sep 20263.72%0.65%2.57%0.33%––
Aug 20263.35%0.40%2.45%0.29%3.42%3.01%
Jul 20263.30%0.07%2.47%0.22%3.36%2.98%
Jun 20263.46%−0.42%2.57%−0.02%3.45%3.04%
May 20264.17%0.47%2.82%0.21%3.82%3.16%
Apr 20263.78%0.64%2.74%0.38%3.57%3.08%
Mar 20263.29%0.87%2.60%0.20%3.37%3.11%
Feb 20262.43%0.27%2.47%0.22%2.80%2.96%
Jan 20262.39%0.17%2.51%0.30%2.73%2.94%
Dec 20252.65%0.30%2.65%0.23%2.78%2.87%
Nov 20252.70%0.25%2.60%0.19%2.71%2.72%
Oct 2025––––2.66%2.70%
Sep 20253.02%0.30%3.02%0.22%2.78%2.82%
Aug 20252.94%0.35%3.11%0.31%2.69%2.85%
Jul 20252.74%0.23%3.05%0.31%2.59%2.84%
Jun 20252.68%0.25%2.91%0.23%2.61%2.83%
May 20252.38%0.10%2.77%0.13%2.46%2.79%
Apr 20252.33%0.16%2.78%0.24%2.33%2.68%
Mar 20252.38%0.03%2.81%0.07%2.26%2.56%
Feb 20252.80%0.23%3.14%0.25%2.57%2.82%
Jan 20252.99%0.43%3.28%0.43%2.63%2.81%
Dec 20242.87%0.34%3.21%0.19%2.65%2.90%
Nov 20242.72%0.28%3.29%0.29%2.49%2.87%
Oct 20242.58%0.29%3.30%0.31%2.41%2.90%

Computed from FRED CPIAUCSL, CPILFESL, PCEPI, PCEPILFE (seasonally adjusted indexes from the Bureau of Labor Statistics and the Bureau of Economic Analysis).

Energy and expectations

WTI crude oil

$101.91 +1.0% Oct 14, 2026

Source: FRED DCOILWTICO.

Brent crude oil

$126.55 +0.6% Oct 14, 2026

Source: FRED DCOILBRENTEU.

10-year breakeven inflation

2.35% 0.00 pts Oct 19, 2026

Source: FRED T10YIE.

Average hourly earnings, year over year

3.02% −0.09 pts Sep 2026

Source: FRED CES0500000003.