Current Forecast of US Inflation Rate
Units: Inflation Rate, Percent per Year. Not Seasonally Adjusted.
Solid Line = Actual Values. Dashed Line = Predicted Values.
Forecast Values for US Inflation Rate
How This Forecast is Produced
The forecast of the indicator above is produced using Multichannel Singular Spectrum Analysis, or MSSA.
The forecast is made by using MSSA to decompose the time series into a trend component and many cyclical components. The decomposed components of the time series are then projected forward in time.
US Inflation Rate
The US inflation rate is the year over year percent increase (or decrease if negative) of the U.S consumer price index.