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C38 · CORE SERVICES PRICES

CPI core services inflation, year over year

3.34
STALE ROBUST DRS 95 monthly as of 2026-08-01

This tile is stale: the value shown is the last one the source published, never a fabricated current number.

The full history

1968 high 17.19 · low 0.81 · now 3.34 · 8 recessions shaded 2026

How it is read

What it measures
core services prices
Confidence
ROBUST : a primary official series, mechanically reported.
Reliability (DRS)
DRS 95: Computed: 100 × (CUSR0000SASLE(t) / CUSR0000SASLE(t−12m) − 1), services less energy, the stickiest CPI component: it reflects labor costs and domestic demand rather than import prices or commodity shocks. When core services rise, inflation has moved beyond the supply shock: the Fed's 'last mile' problem. Disclosure: shelter is technically a service and is the dominant driver of this series; a core-services-ex-shelter companion would be CONTESTED (derived, not a native FRED series) and is not shown. Scored against 30 years. BLS-produced; subject to the integrity-events DRS factor.

Where it comes from

DERIVED ↗ Every number on this site is reproducible from this primary source.

What it read at past stress points

Lehman, Sep 2008 3.22 ◆ WATCH
Q4-2018 selloff 2.89 ◆ WATCH
Curve inversion, Aug 2019 2.89 ◆ WATCH
COVID crash, Mar 2020 2.83 ◆ WATCH

Questions it helps answer