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US core CPI, 1957 to 2026

US core CPI, monthly, from the Bureau of Labor Statistics via FRED. · updated Jul 2026

About this statistic

US core CPI stood at 336 in 2026, down 0.0% on the previous period.

The latest reading is an index level of 336.1, for May 2026, against an index level of 335.4 in April 2026. The series is monthly (FRED series CPILFESL) and runs from January 1957.

How it is measured

The Consumer Price Index excluding food and energy, indexed to 1982-84 = 100. Food and fuel prices swing with weather and geopolitics; stripping them out exposes the underlying trend that policy can actually address, which is why economists quote core alongside headline. The data reaches us through FRED, the Federal Reserve Bank of St. Louis's data service, and originates with the Bureau of Labor Statistics.

What the curve shows

Core runs smoother than the headline index by construction. The level moved from 28.5 to 336.1 across the window; when core accelerates, inflation has spread beyond volatile categories into rents and services, and is harder to reverse.

Frequently asked questions
What does the index level mean?
The index is set to 100 in 1982-84, so a level of 300 means prices or output three times the base period. The level itself is arbitrary; the change over time is the information.
Why show the level instead of the change?
The level shows compounding: percentage changes hide how far the cumulative line has traveled. Both views describe the same data; the level answers how much, the change answers how fast.
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US core CPI — Kitegraph