US Core Inflation Rate is at 3.20%, compared to 3.17% last month and 4.35% last year. This is lower than the long term average of 3.68%.
The Core US Inflation Rate is one of the most important metrics for the US Economy. Inflation is also used by the US Federal Reserve to gauge the health of the economy. A notable time for inflation was the early 1980's during the recession. Inflation rates went as high as 13.59%, causing the Federal Reserve led by Paul Volcker to take dramatic measures.
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