The Federal Reserve Bank of Cleveland provides daily “nowcasts” of inflation for two popular price indexes, the price index for personal consumption expenditures (PCE) and the Consumer Price Index (CPI). These nowcasts give a sense of where inflation is today. Released each business day.

Inflation Nowcasting Quarterly is a part of the Inflation Nowcasting indicator of the Federal Reserve Bank of Cleveland.

Inflation Nowcasting Monthly Month-Over-Month is a part of the Inflation Nowcasting indicator of the Federal Reserve Bank of Cleveland.

Inflation Nowcasting Monthly Year-Over-Year is a part of the Inflation Nowcasting indicator of the Federal Reserve Bank of Cleveland.

Core Inflation Nowcast: sa: Contribution: Land Transport data was reported at 0.012 % in 12 May 2025. This stayed constant from the previous number of 0.012 % for 05 May 2025. Core Inflation Nowcast: sa: Contribution: Land Transport data is updated weekly, averaging 0.148 % from Apr 2018 (Median) to 12 May 2025, with 369 observations. The data reached an all-time high of 11.246 % in 02 Dec 2019 and a record low of 0.000 % in 16 Oct 2023. Core Inflation Nowcast: sa: Contribution: Land Transport data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s United States – Table US.CEIC.NC: CEIC Nowcast: Inflation: Core.

United States Inflation Nowcast data was reported at 2.604 % in 12 May 2025. This records an increase from the previous number of 2.541 % for 05 May 2025. United States Inflation Nowcast data is updated weekly, averaging 3.362 % from Jun 2020 (Median) to 12 May 2025, with 259 observations. The data reached an all-time high of 9.059 % in 11 Jul 2022 and a record low of 0.133 % in 08 Jun 2020. United States Inflation Nowcast data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s United States – Table US.CEIC.NC: CEIC Nowcast: Inflation: Headline.

Core Inflation Nowcast: sa: Contribution: Labour Market: Private Sector Payroll: Financial Activities data was reported at 0.022 % in 12 May 2025. This stayed constant from the previous number of 0.022 % for 05 May 2025. Core Inflation Nowcast: sa: Contribution: Labour Market: Private Sector Payroll: Financial Activities data is updated weekly, averaging 0.048 % from Apr 2018 (Median) to 12 May 2025, with 369 observations. The data reached an all-time high of 14.165 % in 01 Jul 2019 and a record low of 0.000 % in 22 Jan 2024. Core Inflation Nowcast: sa: Contribution: Labour Market: Private Sector Payroll: Financial Activities data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s United States – Table US.CEIC.NC: CEIC Nowcast: Inflation: Core.

Core Inflation Nowcast: sa: Contribution: Labour Market: Private Sector Payroll: Information data was reported at 1.208 % in 12 May 2025. This stayed constant from the previous number of 1.208 % for 05 May 2025. Core Inflation Nowcast: sa: Contribution: Labour Market: Private Sector Payroll: Information data is updated weekly, averaging 0.039 % from Apr 2018 (Median) to 12 May 2025, with 369 observations. The data reached an all-time high of 7.960 % in 26 Apr 2021 and a record low of 0.000 % in 09 Sep 2024. Core Inflation Nowcast: sa: Contribution: Labour Market: Private Sector Payroll: Information data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s United States – Table US.CEIC.NC: CEIC Nowcast: Inflation: Core.

United States FRB Cleveland Forecast: Inflation Nowcast: Core Consumer Price Index (CPI): sa: MoM data was reported at 0.185 % in Dec 2018. This records an increase from the previous number of 0.178 % for Nov 2018. United States FRB Cleveland Forecast: Inflation Nowcast: Core Consumer Price Index (CPI): sa: MoM data is updated monthly, averaging 0.153 % from Aug 2013 (Median) to Dec 2018, with 65 observations. The data reached an all-time high of 0.193 % in Mar 2016 and a record low of 0.129 % in Mar 2014. United States FRB Cleveland Forecast: Inflation Nowcast: Core Consumer Price Index (CPI): sa: MoM data remains active status in CEIC and is reported by Federal Reserve Bank of Cleveland. The data is categorized under Global Database’s United States – Table US.I007: Consumer Price Index: Urban: sa: Forecast: Federal Reserve Bank of Cleveland.

Core Inflation Nowcast: sa: Contribution: Energy Prices: Crude Oil: Spot Price: West Texas Intermediate Cushing data was reported at 0.003 % in 12 May 2025. This stayed constant from the previous number of 0.003 % for 05 May 2025. Core Inflation Nowcast: sa: Contribution: Energy Prices: Crude Oil: Spot Price: West Texas Intermediate Cushing data is updated weekly, averaging 0.026 % from Apr 2018 (Median) to 12 May 2025, with 369 observations. The data reached an all-time high of 5.609 % in 03 Jun 2024 and a record low of 0.000 % in 19 Feb 2024. Core Inflation Nowcast: sa: Contribution: Energy Prices: Crude Oil: Spot Price: West Texas Intermediate Cushing data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s United States – Table US.CEIC.NC: CEIC Nowcast: Inflation: Core.

United States FRB Cleveland Forecast: Inflation Nowcast: Consumer Price Index (CPI): sa: MoM data was reported at 0.154 % in Nov 2018. This records a decrease from the previous number of 0.291 % for Oct 2018. United States FRB Cleveland Forecast: Inflation Nowcast: Consumer Price Index (CPI): sa: MoM data is updated monthly, averaging 0.147 % from Aug 2013 (Median) to Nov 2018, with 64 observations. The data reached an all-time high of 0.572 % in Sep 2017 and a record low of -0.686 % in Jan 2015. United States FRB Cleveland Forecast: Inflation Nowcast: Consumer Price Index (CPI): sa: MoM data remains active status in CEIC and is reported by Federal Reserve Bank of Cleveland. The data is categorized under Global Database’s USA – Table US.I007: Consumer Price Index: Urban: sa: Forecast: Federal Reserve Bank of Cleveland.

United States FRB Cleveland Forecast: Inflation Nowcast: Consumer Price Index (CPI): YoY data was reported at 2.291 % in Nov 2018. This records a decrease from the previous number of 2.484 % for Oct 2018. United States FRB Cleveland Forecast: Inflation Nowcast: Consumer Price Index (CPI): YoY data is updated monthly, averaging 1.597 % from Aug 2013 (Median) to Nov 2018, with 64 observations. The data reached an all-time high of 2.935 % in Jul 2018 and a record low of -0.184 % in Apr 2015. United States FRB Cleveland Forecast: Inflation Nowcast: Consumer Price Index (CPI): YoY data remains active status in CEIC and is reported by Federal Reserve Bank of Cleveland. The data is categorized under Global Database’s United States – Table US.I003: Consumer Price Index: Urban: Forecast: Federal Reserve Bank of Cleveland.

United States Core Inflation Nowcast: sa data was reported at 2.961 % in 12 May 2025. This records an increase from the previous number of 2.905 % for 05 May 2025. United States Core Inflation Nowcast: sa data is updated weekly, averaging 3.270 % from Apr 2018 (Median) to 12 May 2025, with 369 observations. The data reached an all-time high of 6.579 % in 10 Oct 2022 and a record low of 1.200 % in 13 Jul 2020. United States Core Inflation Nowcast: sa data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s United States – Table US.CEIC.NC: CEIC Nowcast: Inflation: Core.

United States Core PCE Inflation Nowcast: sa: Contribution: Breakeven Inflation Rate: Breakeven Inflation: 5-Year data was reported at 0.000 % in 12 May 2025. This stayed constant from the previous number of 0.000 % for 05 May 2025. United States Core PCE Inflation Nowcast: sa: Contribution: Breakeven Inflation Rate: Breakeven Inflation: 5-Year data is updated weekly, averaging 0.000 % from Apr 2019 (Median) to 12 May 2025, with 320 observations. The data reached an all-time high of 100.000 % in 20 Jan 2025 and a record low of 0.000 % in 12 May 2025. United States Core PCE Inflation Nowcast: sa: Contribution: Breakeven Inflation Rate: Breakeven Inflation: 5-Year data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s United States – Table US.CEIC.NC: CEIC Nowcast: Personal Consumption Expenditure (PCE) Inflation: Core.

United States Core PCE Inflation Nowcast: sa: Contribution: Breakeven Inflation Rate: Breakeven Inflation: 10-Year data was reported at 0.000 % in 12 May 2025. This stayed constant from the previous number of 0.000 % for 05 May 2025. United States Core PCE Inflation Nowcast: sa: Contribution: Breakeven Inflation Rate: Breakeven Inflation: 10-Year data is updated weekly, averaging 0.000 % from Apr 2019 (Median) to 12 May 2025, with 320 observations. The data reached an all-time high of 4.726 % in 20 Jul 2020 and a record low of 0.000 % in 12 May 2025. United States Core PCE Inflation Nowcast: sa: Contribution: Breakeven Inflation Rate: Breakeven Inflation: 10-Year data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s United States – Table US.CEIC.NC: CEIC Nowcast: Personal Consumption Expenditure (PCE) Inflation: Core.

Inflation Nowcast data was reported at 5.264 % in 12 May 2025. This records an increase from the previous number of 5.040 % for 05 May 2025. Inflation Nowcast data is updated weekly, averaging 4.495 % from Jun 2016 (Median) to 12 May 2025, with 465 observations. The data reached an all-time high of 11.999 % in 09 May 2022 and a record low of 1.943 % in 08 Jun 2020. Inflation Nowcast data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s Brazil – Table BR.CEIC.NC: CEIC Nowcast: Inflation: Headline.

Japan Inflation Nowcast data was reported at 3.527 % in 12 May 2025. This records an increase from the previous number of 3.472 % for 05 May 2025. Japan Inflation Nowcast data is updated weekly, averaging 2.598 % from Jun 2020 (Median) to 12 May 2025, with 259 observations. The data reached an all-time high of 3.982 % in 27 Feb 2023 and a record low of -0.832 % in 18 Jan 2021. Japan Inflation Nowcast data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s Japan – Table JP.CEIC.NC: CEIC Nowcast: Inflation: Headline.

United States Inflation Nowcast: Contribution: Money Market: Effective Federal Funds Rate data was reported at 0.000 % in 12 May 2025. This stayed constant from the previous number of 0.000 % for 05 May 2025. United States Inflation Nowcast: Contribution: Money Market: Effective Federal Funds Rate data is updated weekly, averaging 0.000 % from Jun 2020 (Median) to 12 May 2025, with 259 observations. The data reached an all-time high of 3.008 % in 01 Jan 2024 and a record low of 0.000 % in 12 May 2025. United States Inflation Nowcast: Contribution: Money Market: Effective Federal Funds Rate data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s United States – Table US.CEIC.NC: CEIC Nowcast: Inflation: Headline.

United States Core PCEPI Inflation Nowcast: sa data was reported at 2.721 % in 12 May 2025. This stayed constant from the previous number of 2.721 % for 05 May 2025. United States Core PCEPI Inflation Nowcast: sa data is updated weekly, averaging 2.799 % from Apr 2019 (Median) to 12 May 2025, with 320 observations. The data reached an all-time high of 5.534 % in 16 May 2022 and a record low of 0.938 % in 17 Aug 2020. United States Core PCEPI Inflation Nowcast: sa data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s United States – Table US.CEIC.NC: CEIC Nowcast: Personal Consumption Expenditure (PCE) Inflation: Core.

Japan Core Inflation Nowcast data was reported at 3.096 % in 12 May 2025. This stayed constant from the previous number of 3.096 % for 05 May 2025. Japan Core Inflation Nowcast data is updated weekly, averaging 2.181 % from Jan 2020 (Median) to 12 May 2025, with 280 observations. The data reached an all-time high of 4.077 % in 20 Feb 2023 and a record low of -0.903 % in 04 Jan 2021. Japan Core Inflation Nowcast data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s Japan – Table JP.CEIC.NC: CEIC Nowcast: Inflation: Core. The Japan Core Inflation Nowcast targets the Core CPI provided by the Statistics Bureau of Japan. Japan's Core CPI excludes fresh food but includes energy.