Core CPI YoY stands at 2.47% as of July 2026, down from 3.05% a year earlier. The reading sits in the 43rd percentile of its history back to 1958.
| Latest (July 2026) | 2.47% |
| One year ago | 3.05% |
| 10-year range | 1.18% – 6.62% |
| All-time range | 0.60% (2010) – 13.60% (1980) |
| Standing | Lowest since 2021 |
| Change over 12 months | −0.6 pts |
| Percentile vs. full history | 43rd |
| History | 1958–2026 (822 observations) |
CPI excluding food and energy, year over year. Strips out the most volatile components to reveal the underlying trend. The Fed watches core measures more closely than headline.
<iframe src="https://www.tacticalassetallocation.com/charts/core-cpi/embed.html" width="800" height="360" loading="lazy" style="border:1px solid #ddd;border-radius:8px"></iframe>
<a href="https://www.tacticalassetallocation.com/charts/core-cpi/">Core CPI YoY — Cambria Chart Lab</a>
Data: download CSV (source: FRED (Federal Reserve Economic Data)).