Consumer Price Index for All Urban Consumers: All Items Less Food and Energy
CPI excluding the volatile food and energy components, published by the BLS alongside headline CPI.
2.45%year-on-year2026-08-01 · level 337.77
Index 1982-1984=100, seasonally adjusted → year-on-year
Why it matters
The Fed and markets treat core as the better signal of underlying inflation; the monthly core change (0.2% vs 0.3% vs 0.4%) is usually what moves rates.
Release schedule: Monthly with CPI, 8:30 am ET (BLS)
Recent readings
| Period | year-on-year | Change |
|---|---|---|
| 2026-08-01 | 2.45% | -0.02 |
| 2026-07-01 | 2.47% | -0.10 |
| 2026-06-01 | 2.57% | -0.26 |
| 2026-05-01 | 2.82% | +0.08 |
| 2026-04-01 | 2.74% | +0.14 |
| 2026-03-01 | 2.60% | +0.13 |
| 2026-02-01 | 2.47% | -0.04 |
| 2026-01-01 | 2.51% | -0.13 |
| 2025-12-01 | 2.65% | +0.05 |
| 2025-11-01 | 2.60% | -0.42 |
| 2025-09-01 | 3.02% | -0.09 |
| 2025-08-01 | 3.11% | — |
Source: FRED, Federal Reserve Bank of St. Louis; original data from the agency named in the description. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.