US CPI Inflation

Scroll to zoom, drag to select a window · hold the middle mouse button (or Shift) and drag to slide through time, on any panel including the component grid · every panel follows · double-click to reset · click any legend entry to hide or restore it · shaded bands mark NBER-dated US recession monthsTap a chart for values · the range buttons and month pickers set the window, every panel follows · tap any legend entry to hide or restore it · shaded bands mark NBER-dated US recession months

Every 12-month change here is computed by Macro Edge Research from BLS not-seasonally-adjusted index levels, the basis BLS headlines; one-month changes and the annualised windows use the seasonally adjusted series, because a monthly change is not meaningful unadjusted. The underlying-inflation panel is the one further exception: it republishes the Cleveland and Atlanta Feds' own series exactly as released, and those are built on seasonally adjusted data. The October 2025 collection was cancelled, and that gap runs through the charts above as well as the component heatmap. The two chart types break differently, because of what each one needs: a 12-month change compares two indices a year apart, so those lines are blank at October 2025 and resume in November; a one-month change needs two consecutive indices, so those lines are blank at both October and November and resume in December. In the heatmap, 11 of the 14 components are missing October for the same reason. Gasoline and the two vehicle series do have an October index, retroactively sourced from commercial providers, so they run unbroken throughout. Everything here is left blank wherever the month it is built from is missing, rather than being interpolated or stretched across the gap. Revisions: the NSA index is never revised, so the 12-month changes are final on release; the seasonally adjusted series is re-estimated each February over a rolling five-year window, and the one-month changes and annualised windows show that current vintage, which can differ from the rate first published. Forecasts and track record → · Disclaimer