This data was released on December 10, 2020 for the reference month of November 2020. The projected inflation rate in 2020 is 1.9%. Inflation, as measured by the growth rate of the price index for personal consumption expenditures (PCE), is projected to be 0.4 percent in 2020 and to nearly reach 2.0 percent—the Federal Reserve’s long-run objective for inflation—by 2024. Inflation can be defined as the overall general upward price movement of goods and services in an economy. Data Provided By. The Fed's target inflation rate is 2.0%. US Inflation Rate Forecast 1. November 13, 2020. View all 2020 charts. (View Release Schedule for details on upcoming releases) 2020 Inflation Charts. (Source: Knoema) The Federal Open Market Committee (FOMC) has made its forecast that the United States’ inflation rate for 2020 will average at around 1.9%. And if markets won’t accept inflation, companies will have to accept lower … The forecast for the US Inflation Rate is in the table at the top of this page. Regional Price Parities by State and Metro Area. Measures inflation in the prices paid by people living in the United States. The core inflation rate strips out volatile gas and food prices . Personal Consumption Expenditures Price Index, Excluding Food and Energy. Forecast-Chart.com is forecasting that US Inflation Rates will be roughly 2.79% over the next year. In 2021, it is set to increase to 2% and remain at this percentage throughout 2022. Real economic growth will rise by 2.2 percent* (annualized rate) in 4Q20 while the US economy continues to wrestle with the COVID-19 pandemic. Well, let me tell you, folks… The United States has been printing A LOT of money – more than ever before. Just as the “China price” held inflation in check for years, an attempt to avoid being dependent on China might just create inflation pressures in the later years of our forecast horizon. This deceleration in the recovery follows a contraction of 5.0 percent in 1Q20, a contraction of 31.4 percent in 2Q20 and a … This is the latest Consumer Price Index and Inflation Rate data for the United States. Because generally speaking, if you print a lot of money, you get inflation. The core PCE price index excludes two volatile categories to reveal underlying inflation. The median core inflation rate is predicted to be 1.2% in 2020, 1.7% in 2021, 1.8% in 2022, and 2.0% in 2023. The 10-year “break-even” rate, which is derived from prices of US inflation-protected government securities, hit 1.83 per cent on Tuesday, higher than at any point since May last year. Take a look at the chart below from the Federal Reserve, which depicts the total money supply in the United States. 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