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Inflation Tracker May 22, 2026
April data for the US show higher inflation in March and April. Between January and April 2026, prices for US consumers grew by 1.8 percent (a 7.3 percent annual rate). This is a much higher rate than the 2.6 percent annual growth in prices for US consumers in 2025. Recent inflation increases reflect a sharp increase in global energy prices: consumer energy prices were 17.5 percent higher in April 2026 than they were a year earlier. California data reflecting the recent national increases are not yet available. Prior to the recent increase in global energy prices, California consumer prices grew 2.9 percent between February 2025 and February 2026. Consumers do not expect increased inflation to last: unlike in early 2025, consumer expectations about inflation in the next five years increased only moderately in early 2026.
Updated Inflation Outlook January 22, 2023
Based on the most recent economic data, we now estimate that annual inflation will drop to about 4 percent by the second quarter of 2023.
2017 May Revision: LAO Economic Outlook May 11, 2017
We discuss our new economic outlook, released as part of our response to the Governor's 2017 May Revision.
May Revision 2016: Economic Outlook May 15, 2016
We discuss the state's economic outlook, including the administration's assessment of the near-term economic outlook in the Governor's May Revision to his 2016-17 budget proposal.
Los Angeles Consumer Prices Up Notably in July August 19, 2015
A spike in gas prices contributed to Los Angeles-area consumer prices rising substantially faster than the nation as a whole in July, according to new federal data.
2014 CA Price Inflation Above U.S., But Still Low February 7, 2015
Consumer price index (CPI) data for all of 2014 is now available.
U.S. Price Inflation Very Low Now January 17, 2015
Inflation in the U.S. economy was very low in late 2014, and further drops in prices are possible in early 2015. We discuss both the risks and benefits of low price growth.