U.S. Inflation Rate Forecast
U.S. Inflation Rate Forecast Summary
U.S. consumer price inflation is projected to rise from 4.01% in October 2026 to a forecast high of 4.15% in November, then decline each month through May 2027.
The forecast reaches 3.93% in January 2027, 2.35% in March and 1.37% in May, the lowest value in the published eight-month forecast. The May projection is 2.64 percentage points below the October projection.
See the monthly forecast and average error estimates, trend chart, downloadable historical and forecast data and forecast methodology.
Values measure the year-over-year percent change in the U.S. Consumer Price Index (CPI). Each month compares consumer prices with the same month one year earlier.
U.S. Inflation Rate Forecast Values by Month
Year-over-year percent change in the U.S. Consumer Price Index (CPI).
| Month | Date | Forecast Value | Avg Error |
|---|---|---|---|
| 0 | Sep 2026 | 3.74 | ±0.00 |
| 1 | Oct 2026 | 4.01 | ±0.082 |
| 2 | Nov 2026 | 4.15 | ±0.10 |
| 3 | Dec 2026 | 4.09 | ±0.12 |
| 4 | Jan 2027 | 3.93 | ±0.13 |
| 5 | Feb 2027 | 3.47 | ±0.14 |
| 6 | Mar 2027 | 2.35 | ±0.14 |
| 7 | Apr 2027 | 1.73 | ±0.15 |
| 8 | May 2027 | 1.37 | ±0.15 |
Download Historical and Forecast Data
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U.S. Inflation Rate Trend Chart with Forecast
Year-over-year percent change in CPI. Includes historical and forecast values.
Related Inflation Forecasts and Data
| November 05, 2026 | |
| Indicator | Value |
|---|---|
| S&P 500 | 7353.73 |
| U.S. GDP Growth, YoY % | 2.07 |
| U.S. Inflation Rate, % | 3.74 |
| Gold Price, $/oz-t | 4088.19 |
| Crude Oil Futures, $/bbl | 91.04 |
| U.S. 10 Year Treasury, % | 4.84 |