Inflation remains lower than 2022 peak but is trending higher

3-month change (%)

Consumer price index for US urban consumers (CPI-U) and US urban consumers excluding more volatile energy and food prices (Core CPI). Median CPI is inflation rate of the component whose expenditure weight is in the 50th percentile of price changes.
Chart: Legislative Analyst's OfficeSource: US Bureau of Labor Statistics, Federal Reserve Bank of Cleveland, and California Department of Industrial RelationsGet the dataCreated with Datawrapper