Core CPI (Excluding Food & Energy)
CPI excluding volatile food and energy prices, showing underlying inflation trends. The current value of 336.1 is near the high end of its 10-year range, based on available data over the past 10 years. (Source: FRED)
Current Value
336.1
Previous
336.1
Source: FRED (CPILFESL) | Frequency: monthly | Last updated: July 6, 2026
What This Means for You
The Core CPI (Excluding Food & Energy) is currently at 336.1. Changes in this indicator can affect related areas of the economy including consumer spending, business investment, and policy decisions. (Source: FRED)
10-Year History
Historical Context
Over the past 10 years, the Core CPI (Excluding Food & Energy) has ranged from a low of 248.4 in August 2016 to a high of 336.1 in May 2026, with an average of approximately 285.5. The current value of 336.1 is near the high end of its 10-year range. (Source: FRED via FRED)
Related Inflation Indicators
The Core CPI (Excluding Food & Energy) is part of the inflation category. Related indicators include: 10-Year Breakeven Inflation Rate (currently 2.23%), Consumer Price Index (CPI) (currently 334.0), Core PCE Price Index (currently 130.1), PCE Price Index (currently 131.5). CPI and PCE both measure price changes but differ in methodology. The Fed targets 2% annual PCE inflation (not CPI) when setting policy. Core measures (excluding food and energy) help reveal underlying inflation trends by removing volatile components. The 10-year breakeven inflation rate shows what bond markets expect inflation to average, providing a forward-looking perspective compared to CPI and PCE which measure past prices. (Source: Bureau of Labor Statistics, Federal Reserve)
What to Watch
Economists and analysts monitor the Core CPI (Excluding Food & Energy) for trend changes that may signal shifts in economic conditions. This data is released monthly and is subject to revision. Changes in this indicator can ripple through related areas of the economy. Historical patterns do not guarantee future outcomes. (Source: FRED)
Limitations of This Data
This data is released monthly and reflects conditions as of the most recent reporting period. Economic data is frequently revised as more complete information becomes available; initial releases may differ significantly from final figures. This indicator measures one dimension of the economy and should be considered alongside other data for a more complete picture. (Source: FRED)
Explore Further
EconGrader is not an investment advisor or financial advisor. This content is for educational and informational purposes only. Economic data reflects past and present conditions and does not predict future outcomes. All data is sourced from federal government agencies and updated automatically. This site does not provide investment, tax, legal, or accounting advice.