Inflation report
The July 2025 inflation report in charts
Consumer prices were 2.7% higher in July 2025 than a year earlier. That inflation rate was the same as 2.7% in June 2025 and down from 2.9% in July 2024. Rent was 3.5% higher than a year earlier. Average hourly pay was 4.0% higher than a year earlier.
Inflation rate
2.7%
The same as 2.7% in June 2025
Rent, change over 12 months
3.5%
Down from 3.8% in June 2025
Hourly pay, change over 12 months
4.0%
$36.47 an hour on average
The inflation rate, Jul 2023 to Jul 2025
The interactive chart needs JavaScript. The numbers are in the table below.
How fast rent is rising, Jul 2023 to Jul 2025
The interactive chart needs JavaScript. The numbers are in the table below.
How fast hourly pay is rising, Jul 2023 to Jul 2025
The interactive chart needs JavaScript. The numbers are in the table below.
The numbers
Each month to July 2025, newest first. A dash means BLS published no figure.
| Month | Inflation rate | Rent, 12-month change | Hourly pay, 12-month change |
|---|---|---|---|
| Jul 2025 | 2.7% | 3.5% | 4.0% |
| Jun 2025 | 2.7% | 3.8% | 3.9% |
| May 2025 | 2.4% | 3.8% | 4.0% |
| Apr 2025 | 2.3% | 4.0% | 3.9% |
| Mar 2025 | 2.4% | 4.0% | 4.2% |
| Feb 2025 | 2.8% | 4.1% | 4.1% |
| Jan 2025 | 3.0% | 4.2% | 4.0% |
| Dec 2024 | 2.9% | 4.3% | 4.1% |
| Nov 2024 | 2.7% | 4.4% | 4.2% |
| Oct 2024 | 2.6% | 4.6% | 4.0% |
| Sep 2024 | 2.4% | 4.8% | 3.9% |
| Aug 2024 | 2.5% | 5.0% | 3.9% |
| Jul 2024 | 2.9% | 5.1% | 3.6% |
| Jun 2024 | 3.0% | 5.1% | 3.9% |
| May 2024 | 3.3% | 5.3% | 4.1% |
| Apr 2024 | 3.4% | 5.4% | 4.0% |
| Mar 2024 | 3.5% | 5.7% | 4.1% |
| Feb 2024 | 3.2% | 5.8% | 4.1% |
| Jan 2024 | 3.1% | 6.1% | 4.4% |
| Dec 2023 | 3.4% | 6.5% | 4.1% |
| Nov 2023 | 3.1% | 6.9% | 4.1% |
| Oct 2023 | 3.2% | 7.2% | 4.2% |
| Sep 2023 | 3.7% | 7.4% | 4.4% |
| Aug 2023 | 3.7% | 7.8% | 4.5% |
| Jul 2023 | 3.2% | 8.0% | 4.7% |
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Sources and notes
- U.S. Bureau of Labor Statistics, Consumer Price Index (CPI-U, all items) (Public domain (U.S. government work)), data as of September 30, 2026.
- U.S. Bureau of Labor Statistics, Consumer Price Index (rent of primary residence) (Public domain (U.S. government work)), data as of September 30, 2026.
- U.S. Bureau of Labor Statistics, Current Employment Statistics (average hourly earnings of all employees, total private) (Public domain (U.S. government work)), data as of September 30, 2026.
- U.S. Bureau of Labor Statistics, Consumer Price Index (CPI-U) (Public domain (U.S. government work)), data as of September 30, 2026.
The U.S. Bureau of Labor Statistics publishes each month's Consumer Price Index around the middle of the next month. The inflation rate is how much the index for all items (CPI-U, not seasonally adjusted) changed from the same month a year earlier; rent and everyday items are measured the same way. BLS collected no prices in October 2025, during a lapse in federal funding, so there is no inflation rate for that month or for the year to October 2026. Hourly pay is BLS's average hourly earnings of private-sector employees.