diff --git a/src/Client/ClientBase.cpp b/src/Client/ClientBase.cpp
index b435b483b71..f0a8794d096 100644
--- a/src/Client/ClientBase.cpp
+++ b/src/Client/ClientBase.cpp
@@ -983,8 +983,7 @@ void ClientBase::onProfileEvents(Block & block)
             else if (event_name == MemoryTracker::USAGE_EVENT_NAME)
                 thread_times[host_name][thread_id].memory_usage = value;
         }
-        auto elapsed_time = profile_events.watch.elapsedMicroseconds();
-        progress_indication.updateThreadEventData(thread_times, elapsed_time);
+        progress_indication.updateThreadEventData(thread_times);
 
         if (need_render_progress)
             progress_indication.writeProgress();
diff --git a/src/Common/EventRateMeter.h b/src/Common/EventRateMeter.h
new file mode 100644
index 00000000000..f70258faa9e
--- /dev/null
+++ b/src/Common/EventRateMeter.h
@@ -0,0 +1,63 @@
+#pragma once
+
+#include <base/defines.h>
+
+#include <Common/ExponentiallySmoothedCounter.h>
+
+#include <numbers>
+
+
+namespace DB
+{
+
+/// Event count measurement with exponential smoothing intended for computing time derivatives
+class EventRateMeter
+{
+public:
+    explicit EventRateMeter(double now, double period_)
+        : period(period_)
+        , half_decay_time(period * std::numbers::ln2) // for `ExponentiallySmoothedAverage::sumWeights()` to be equal to `1/period`
+    {
+        reset(now);
+    }
+
+    /// Add `count` events happened at `now` instant.
+    /// Previous events that are older than `period` from `now` will be forgotten
+    /// in a way to keep average event rate the same, using exponential smoothing.
+    /// NOTE: Adding events into distant past (further than `period`) must be avoided.
+    void add(double now, double count)
+    {
+        if (now - period <= start) // precise counting mode
+            events = ExponentiallySmoothedAverage(events.value + count, now);
+        else // exponential smoothing mode
+            events.add(count, now, half_decay_time);
+    }
+
+    /// Compute average event rate throughout `[now - period, now]` period.
+    /// If measurements are just started (`now - period < start`), then average
+    /// is computed based on shorter `[start; now]` period to avoid initial linear growth.
+    double rate(double now)
+    {
+        add(now, 0);
+        if (unlikely(now <= start))
+            return 0;
+        if (now - period <= start) // precise counting mode
+            return events.value / (now - start);
+        else // exponential smoothing mode
+            return events.get(half_decay_time); // equals to `events.value / period`
+    }
+
+    void reset(double now)
+    {
+        start = now;
+        events = ExponentiallySmoothedAverage();
+    }
+
+private:
+    const double period;
+    const double half_decay_time;
+    double start; // Instant in past without events before it; when measurement started or reset
+    ExponentiallySmoothedAverage events; // Estimated number of events in the last `period`
+};
+
+}
diff --git a/src/Common/ProgressIndication.cpp b/src/Common/ProgressIndication.cpp
index 7bea00f5b1e..8ca1612e916 100644
--- a/src/Common/ProgressIndication.cpp
+++ b/src/Common/ProgressIndication.cpp
@@ -8,6 +8,7 @@
 #include "Common/formatReadable.h"
 #include <Common/TerminalSize.h>
 #include <Common/UnicodeBar.h>
+#include <Common/Stopwatch.h>
 #include "IO/WriteBufferFromString.h"
 #include <Databases/DatabaseMemory.h>
 
@@ -16,16 +17,16 @@ namespace
 {
     constexpr UInt64 ALL_THREADS = 0;
 
-    double calculateCPUUsage(DB::ThreadIdToTimeMap times, UInt64 elapsed)
+    UInt64 aggregateCPUUsageNs(DB::ThreadIdToTimeMap times)
     {
-        auto accumulated = std::accumulate(times.begin(), times.end(), 0,
+        constexpr UInt64 us_to_ns = 1000;
+        return us_to_ns * std::accumulate(times.begin(), times.end(), 0ull,
         [](UInt64 acc, const auto & elem)
         {
             if (elem.first == ALL_THREADS)
                 return acc;
             return acc + elem.second.time();
         });
-        return static_cast<double>(accumulated) / elapsed;
     }
 }
 
@@ -55,7 +56,7 @@ void ProgressIndication::resetProgress()
     write_progress_on_update = false;
     {
         std::lock_guard lock(profile_events_mutex);
-        host_cpu_usage.clear();
+        cpu_usage_meter.reset(static_cast<double>(clock_gettime_ns()));
         thread_data.clear();
     }
 }
@@ -82,15 +83,17 @@ void ProgressIndication::addThreadIdToList(String const & host, UInt64 thread_id
     thread_to_times[thread_id] = {};
 }
 
-void ProgressIndication::updateThreadEventData(HostToThreadTimesMap & new_thread_data, UInt64 elapsed_time)
+void ProgressIndication::updateThreadEventData(HostToThreadTimesMap & new_thread_data)
 {
     std::lock_guard lock(profile_events_mutex);
 
+    UInt64 total_cpu_ns = 0;
     for (auto & new_host_map : new_thread_data)
     {
-        host_cpu_usage[new_host_map.first] = calculateCPUUsage(new_host_map.second, elapsed_time);
+        total_cpu_ns += aggregateCPUUsageNs(new_host_map.second);
         thread_data[new_host_map.first] = std::move(new_host_map.second);
     }
+    cpu_usage_meter.add(static_cast<double>(clock_gettime_ns()), total_cpu_ns);
 }
 
 size_t ProgressIndication::getUsedThreadsCount() const
@@ -104,14 +107,10 @@ size_t ProgressIndication::getUsedThreadsCount() const
         });
 }
 
-double ProgressIndication::getCPUUsage() const
+double ProgressIndication::getCPUUsage()
 {
     std::lock_guard lock(profile_events_mutex);
-
-    double res = 0;
-    for (const auto & elem : host_cpu_usage)
-        res += elem.second;
-    return res;
+    return cpu_usage_meter.rate(clock_gettime_ns());
 }
 
 ProgressIndication::MemoryUsage ProgressIndication::getMemoryUsage() const
diff --git a/src/Common/ProgressIndication.h b/src/Common/ProgressIndication.h
index 9ce29ef0d3c..588a31beca7 100644
--- a/src/Common/ProgressIndication.h
+++ b/src/Common/ProgressIndication.h
@@ -7,7 +7,7 @@
 #include <Interpreters/Context.h>
 #include <base/types.h>
 #include <Common/Stopwatch.h>
-
+#include <Common/EventRateMeter.h>
 
 /// http://en.wikipedia.org/wiki/ANSI_escape_code
 #define CLEAR_TO_END_OF_LINE "\033[K"
@@ -59,12 +59,12 @@ public:
 
     void addThreadIdToList(String const & host, UInt64 thread_id);
 
-    void updateThreadEventData(HostToThreadTimesMap & new_thread_data, UInt64 elapsed_time);
+    void updateThreadEventData(HostToThreadTimesMap & new_thread_data);
 
 private:
     size_t getUsedThreadsCount() const;
 
-    double getCPUUsage() const;
+    double getCPUUsage();
 
     struct MemoryUsage
     {
@@ -91,7 +91,7 @@ private:
 
     bool write_progress_on_update = false;
 
-    std::unordered_map<String, double> host_cpu_usage;
+    EventRateMeter cpu_usage_meter{static_cast<double>(clock_gettime_ns()), 3'000'000'000 /*ns*/}; // average cpu utilization last 3 second
     HostToThreadTimesMap thread_data;
     /// In case of all of the above:
     /// - clickhouse-local
@@ -100,7 +100,7 @@ private:
     ///
     /// It is possible concurrent access to the following:
     /// - writeProgress() (class properties) (guarded with progress_mutex)
-    /// - thread_data/host_cpu_usage (guarded with profile_events_mutex)
+    /// - thread_data/cpu_usage_meter (guarded with profile_events_mutex)
     mutable std::mutex profile_events_mutex;
     mutable std::mutex progress_mutex;
 };