Inflation Dashboard

US realized inflation (PCE and CPI) plus market-implied inflation from TIPS breakevens. Click a series name under a chart to hide or show it.

CPI-U from 1947, PCE from 1959, TIPS breakevens from 2003. Series that start later simply appear when they begin.

Realized inflation

Headline PCE YoY
3.42%
As of Aug 2026
Core PCE YoY
3.01%
As of Aug 2026
Headline PCE 3m ann.
1.03%
As of Aug 2026
Core PCE 3m ann.
2.05%
As of Aug 2026
Headline CPI YoY
3.72%
As of Sep 2026
Core CPI YoY
2.57%
As of Sep 2026

Market-implied inflation

5Y breakeven
2.45%
As of Oct 27, 2026
10Y breakeven
2.35%
As of Oct 27, 2026
5Y5Y forward
2.25%
As of Oct 27, 2026

Year-over-year inflation

Headline and core PCE (Fed’s preferred gauge) versus CPI-U. Dashed line is the 2% PCE target.

Source: FRED / BEA / BLS · PCEPI, PCEPILFE, CPIAUCSL, CPILFESL

TIPS breakevens

Market-implied average CPI inflation from Treasury Inflation-Protected Securities. 5y5y is the 5-year rate starting 5 years forward (anchoring).

Source: FRED / Treasury · T5YIE, T10YIE, T5YIFR

Price level (rebased)

PCE and CPI indexes rebased to 100 at the start of the lookback so levels are comparable.

Source: FRED / BEA / BLS