Core inflation is the change in the costs of goods and services, but it does not include those from the food and energy sectors. This measure of inflation excludes these items because their prices are much more volatile. It is most often calculated using the consumer price index (CPI), which is a measure of prices for goods and services.
In the past 12 months core inflation rate peaked at 5.96% in September 2022.
| Date | Core inflation rate | Change from prior month |
|---|---|---|
| November 2022 | 5.96% | -5.20% |
| October 2022 | 6.28% | -5.22% |
| September 2022 | 6.63% | 4.88% |
| August 2022 | 6.32% | 6.96% |
| July 2022 | 5.91% | -0.10% |
| June 2022 | 5.92% | -1.74% |
| May 2022 | 6.02% | -2.26% |
| April 2022 | 6.16% | -4.85% |
| March 2022 | 6.47% | 0.94% |
| February 2022 | 6.41% | 6.54% |
| January 2022 | 6.02% | 10.40% |
| December 2021 | 5.45% | 10.65% |
Core inflation on average has gone up 5.96% from November 2021 to 2022. This means for example, goods and services excluding those from the food and energy sectors which costed $10 in November 2021 would cost around $10.60 today, an increase of $0.60 year-over-year.
If you were making $25/hour in November 2021, you would need to be making $26.49/hour today to keep up with core inflation.
| Date | Cost of goods and services excluding those from the food and energy sectors | Change from prior month |
|---|---|---|
| December 2021 | $11.07 | + $1.07 |
| January 2022 | $12.22 | + $1.15 |
| February 2022 | $13.01 | + $0.80 |
| March 2022 | $13.14 | + $0.12 |
| April 2022 | $12.50 | - $-0.64 |
| May 2022 | $12.22 | - $-0.28 |
| June 2022 | $12.00 | - $-0.21 |
| July 2022 | $11.99 | - $-0.01 |
| August 2022 | $12.83 | + $0.83 |
| September 2022 | $13.45 | + $0.63 |
| October 2022 | $12.75 | - $-0.70 |
| November 2022 | $12.09 | - $-0.66 |
The change in cost of $100 worth of goods and services over the last 12 months.
US core inflation rate from 1957 to November 2022.
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