This page shows the drivers of inflation since 2018. Headline inflation peaked in June 2022 as a result of the Ukraine/Russia War and post-pandemic related supply issues. Inflationary pressures have eased since then, but headline inflation has moved higher in recent months. The table shows the average and most recent readings for headline and core CPI, along with headline and core Personal Consumption Expenditure (PCE) price deflator, which is another measure of prices.