The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. Indexes are available for the U.S . and various geographic areas. Average price data for select utility, automotive fuel, and food items are also available. View the current U.S . inflation rate according to latest CPI data from the Bureau of Labor Statistics , released in October. Review CPI and inflation statistics for the past 10 years. View monthly updates and historical trends for US Inflation Rate. from United States. Source: Bureau of Labor Statistics . Track economic data with YCharts … US Inflation Rate chart, historic, and current data .