According to recent data from the U.S. Bureau of Labor Statistics, in February 2023, the United State seasonally adjusted Consumer Price Index for all Urban Consumers (CPI-U): Services in the US was 378.876; it rose by 0.5% compared to January 2023.

The US Inflation Rate of Services in the US in February 2023 was 7.6%, seasonally adjusted. The inflation rate represents the percent change of the CPI-U compared to a year ago.

The charts and table below shows the United States seasonally adjusted historical Consumer Price Index and Inflation Rate for All Urban Consumers: Services in the US from January 2002 to February 2023.

The Consumer Price Index (CPI) measures the change in prices paid by consumers for goods and services. The CPI of all urban consumers (CPI-U) reflects the spending patterns of all urban consumers which represents about 93 percent of the total US population. The CPI-U is based on the expenditures of almost all residents of urban or metropolitan areas, including professionals, the self-employed, the poor, the unemployed, and retired people, as well as urban wage earners and clerical workers.