Consumer Price Index (CPI) — Year-over-Year vs Nominal GDP (Current Dollars)
Consumer Price Index (CPI) — Year-over-Year is currently 2.8% (down -0.1%). Nominal GDP (Current Dollars) is currently 29.72T (up +0.4T).
| Metric | Consumer Price Index (CPI) — Year-over-Year | Nominal GDP (Current Dollars) |
|---|---|---|
| Current value | 2.8% | 29.72T |
| Previous reading | 2.9% | 29.35T |
| Change | -0.1% | +0.4T |
| Trend | down | up |
| Frequency | Monthly | Quarterly |
| Source | Bureau of Labor Statistics | Bureau of Economic Analysis |
| Last updated | 2026-03-12 | 2026-03-27 |
| Category | inflation | growth |
What Consumer Price Index (CPI) — Year-over-Year measures
The Consumer Price Index measures the average change over time in the prices paid by urban consumers for a basket of goods and services. The year-over-year change is the most commonly cited measure of inflation.
Inflation at 2.8% remains above the Federal Reserve's 2% target but has moderated significantly from the 2022 peak of 9.1%. For executives, this means input costs are still rising faster than the Fed's comfort zone, but the pricing environment is stabilizing. Companies with strong pricing power can pass through cost increases; those in competitive markets face margin pressure. The Fed is unlikely to cut rates aggressively until CPI moves closer to 2%.
What Nominal GDP (Current Dollars) measures
Nominal GDP measures the total dollar value of all goods and services produced in the United States at current market prices, without adjusting for inflation. It represents the raw size of the economy.
Nominal GDP shows the absolute size of the U.S. economy in current dollars. At nearly $30 trillion, the U.S. remains the world's largest economy. Executives use nominal GDP to size markets, estimate total addressable revenue, and benchmark company performance against the broader economy. Revenue growing faster than nominal GDP means you're gaining market share.
Frequently asked
Consumer Price Index (CPI) — Year-over-Year is currently 2.8%, down -0.1% from the previous reading. Source: Bureau of Labor Statistics, updated monthly.
Nominal GDP (Current Dollars) is currently 29.72T, up +0.4T from the previous reading. Source: Bureau of Economic Analysis, updated quarterly.
Inflation at 2.8% remains above the Federal Reserve's 2% target but has moderated significantly from the 2022 peak of 9.1%. For executives, this means input costs are still rising faster than the Fed' Nominal GDP shows the absolute size of the U.S. economy in current dollars. At nearly $30 trillion, the U.S. remains the world's largest economy. Executives use nominal GDP to size markets, estimate t