In economics, the inflation rate is a measure of the change in price of a basket of goods. The most common measure being the consumer price index. It is the percentage rate of change in price level over time, and also indicates the rate of decrease in the purchasing power of money. The annual rate of inflation for 2023, was 4.1 percent higher in the United States when compared to the previous year. More information on inflation and the consumer price index can be found on our dedicated topic page. Additionally, the monthly rate of inflation in the United States can be accessed here. Inflation and purchasing power Inflation is a key economic indicator, and gives economists and consumers alike a look at changes in prices in the wider economy. For example, if an average pair of socks costs 100 dollars one year and 105 dollars the following year, the inflation rate is five percent. This means the amount of goods an individual can purchase with a unit of currency has decreased. This concept is often referred to as purchasing power. The data presents the average rate of inflation in a year, whereas the monthly measure of inflation measures the change in prices compared with prices one year ago. For example, monthly inflation in the U.S. reached a peak in June 2022 at 9.1 percent. This means that prices were 9.1 percent higher than they were in June of 2021. The purchasing power is the extent to which a person has available funds to make purchases. The Big Mac Index has been published by The Economist since 1986 and exemplifies purchasing power on a global scale, allowing us to see note the differences between different countries currencies. Switzerland for example, has the most expensive Big Mac in the world, costing consumers 6.71 U.S. dollars as of July 2022, whereas a Big Mac cost 5.15 dollars in the United States, and 4.77 dollars in the Euro area. One of the most important tools in influencing the rate of inflation is interest rates. The Federal Reserve of the United States has the capacity to make changes to the federal interest rate . Changes to the rate of inflation are thought to be an imbalance between supply and demand. After COVID-19 related lockdowns came to an end there was a sudden increase in demand for goods and services with consumers having more funds than usual thanks to reduced spending during lockdown and government funded economic support. Additionally, supply-chain related bottlenecks also due to lockdowns around the world and the Russian invasion of Ukraine meant that there was a decrease in the supply of goods and services. By increasing the interest rate, the Federal Reserve aims to reduce spending, and thus bring demand back into balance with supply.

Interactive historical chart showing the daily U.S. Dollar - Mexican Peso (USDMXN) exchange rate back to 1994.

Analysis of ‘US Dollar / INR Rupee Dataset(2003-2021)’ provided by Analyst-2 (analyst-2.ai), based on source dataset retrieved from https://www.kaggle.com/meetnagadia/us-dollar-inr-rupee-dataset20032021 on 28 January 2022.

--- Dataset description provided by original source is as follows ---

This is a Dataset for Stock Prediction on Apple Inc. This dataset start from 1980 to 2021 . It was collected from Yahoo Finance. You can perform Time Series Analysis and EDA on data.

--- Original source retains full ownership of the source dataset ---

This dataset tracks annual reduced-price lunch eligibility from 2003 to 2023 for Dollar Baytamarack City Area K12 School vs. Michigan and Dollar Bay-Tamarack City Area Schools School District

Interactive historical chart showing the daily U.S. Dollar - Japanese Yen (USDJPY) exchange rate back to 1971.

Interactive chart of historical data for real (inflation-adjusted) gold prices per ounce back to 1915. The series is deflated using the headline Consumer Price Index (CPI) with the most recent month as the base. The current month is updated on an hourly basis with today's latest value.

This dataset tracks annual hispanic student percentage from 2003 to 2023 for Dollar Bay-Tamarack City Area Schools School District vs. Michigan

The US dollar index of February 2025 was higher than it was in 2024, although below the peak in late 2022. This reveals itself in a historical graphic on the past 50 years, measuring the relative strength of the U.S. dollar. This metric is different from other FX graphics that compare the U.S. dollar against other currencies. The history of the DXY Index The index shown here – often referred to with the code DXY, or USDX – measures the value of the U.S. dollar compared to a basket of six other foreign currencies. This basket includes the euro, the Swiss franc, the Japanese yen, the Canadian dollar, the British pound, and the Swedish króna. The index was created in 1973, after the arrival of the petrodollar and the dissolution of the Bretton Woods Agreement. Today, most of these currencies remain connected to the United States' largest trade partners. The relevance of the DXY Index The index focuses on trade and the strength of the U.S. dollar against specific currencies. It less on inflation or devaluation, which is measured in alternative metrics like the Big Mac Index. Indeed, as the methodology behind the DXY Index has only been updated once – when the euro arrived in 1999 – some argue this composition is not accurate to the current state of the world. The price development of the U.S. dollar affects many things, including commodity prices in general.

Interactive historical chart showing the daily Euro - U.S. Dollar (EURUSD) exchange rate back to 1999.

Interactive historical chart showing the daily U.S. Dollar - Chinese Yuan (USDCNY) exchange rate back to 1981.

The dataset of INR to Dollar exchange rates from 2003 to 2024 downloaded from Yahoo Finance likely contains historical exchange rate data for the Indian Rupee (INR) against the US Dollar (USD) over the specified time period. Here's a general description of what you might find in such a dataset:

1. Date: Each entry in the dataset likely includes a date or timestamp indicating when the exchange rate was recorded.

2. Exchange Rate: The dataset should include the exchange rate value, representing the number of Indian Rupees equivalent to one US Dollar on the corresponding date.

3. Time Period: The dataset should cover exchange rate data for each trading day or a specified frequency (e.g., weekly, monthly) from 2003 to 2024.

4. Additional Information: Depending on the source and format of the dataset, it may include additional information such as opening, high, low, and closing exchange rates for each day, as well as volume and adjusted closing prices.

5. Currency Pair: The dataset focuses specifically on the exchange rate between the Indian Rupee (INR) and the US Dollar (USD), allowing users to analyze trends and fluctuations in the value of the Indian Rupee relative to the US Dollar over time.

6. The dataset of INR to Dollar exchange rates from 2003 to 2024 downloaded from Yahoo Finance likely contains historical exchange rate data for the Indian Rupee (INR) against the US Dollar (USD) over the specified time period. Here's a general description of what you might find in such a dataset:

7. Date: Each entry in the dataset likely includes a date or timestamp indicating when the exchange rate was recorded.

8. Exchange Rate: The dataset should include the exchange rate value, representing the number of Indian Rupees equivalent to one US Dollar on the corresponding date.

9. Time Period: The dataset should cover exchange rate data for each trading day or a specified frequency (e.g., weekly, monthly) from 2003 to 2024.

10. Additional Information: Depending on the source and format of the dataset, it may include additional information such as opening, high, low, and closing exchange rates for each day, as well as volume and adjusted closing prices.

11. Currency Pair: The dataset focuses specifically on the exchange rate between the Indian Rupee (INR) and the US Dollar (USD), allowing users to analyze trends and fluctuations in the value of the Indian Rupee relative to the US Dollar over time.

12. Data Quality: It's important to consider the reliability and accuracy of the data. Ensure that the dataset is sourced from a reputable financial data provider like Yahoo Finance and that any missing or erroneous data points are appropriately handled.

Overall, this dataset can be used for various analytical purposes, including trend analysis, forecasting, and risk management in the context of currency exchange markets and international finance.: It's important to consider the reliability and accuracy of the data. Ensure that the dataset is sourced from a reputable financial data provider like Yahoo Finance and that any missing or erroneous data points are appropriately handled.

Overall, this dataset can be used for various analytical purposes, including trend analysis, forecasting, and risk management in the context of currency exchange markets and international finance.

Interactive historical chart showing the daily British Pound - U.S. Dollar (GBPUSD) exchange rate back to 1971.

This dataset contains measures of the number and density of dollar stores per United States census tract from 2003 through 2017.

Interactive historical chart showing the daily Australian Dollar - U.S. Dollar (AUDUSD) exchange rate back to 1991.

Key information about Kenya Exchange Rate against USD

• Kenya Exchange Rate against USD averaged 137.240 (USD/KES) in May 2023, compared with 134.395 USD/KES in the previous month.
• Kenya Exchange Rate against USD data is updated monthly, available from Jan 1957 to May 2023.
• The data reached an all-time high of 137.240 in May 2023 and a record low of 6.900 in Dec 1973.

• In the latest reports, Kenya Short Term Interest Rate: Monthly Average: Treasury Bills Rate: 91 Days was reported at 9.760 % pa in Mar 2023.
• Its Long Term Interest Rate (Treasury Bonds Rate: 10 Years) was reported at 13.490 % pa in May 2022.
• The cash rate (Policy Rate: Month End: Central Bank Rediscount Rate) was set at 9.500 % pa in May 2023.

Interactive chart of historical data for real (inflation-adjusted) silver prices per ounce back to 1915. The series is deflated using the headline Consumer Price Index (CPI) with the most recent month as the base. The current month is updated on an hourly basis with today's latest value.

Key information about Armenia Exchange Rate against USD

• Armenia Exchange Rate against USD averaged 386.558 (USD/AMD) in May 2023, compared with 387.742 USD/AMD in the previous month.
• Armenia Exchange Rate against USD data is updated monthly, available from Apr 1992 to May 2023.
• The data reached an all-time high of 590.313 in Mar 2003 and a record low of 0.520 in Jun 1992.

• In the latest reports, Armenia Short Term Interest Rate: Month End: Treasury Bills Yield: Primary Market: 91 Days was reported at 11.204 % pa in Jan 2023.
• Its Long Term Interest Rate (Government Bonds Yield: Primary Market: Over 6 Years) was reported at 11.867 % pa in Apr 2023.
• The cash rate (Policy Rate: Month End: Repo Rate) was set at 10.750 % pa in May 2023.

United States Nonfin'l Firms Liab Payable in FC: Canadian Dollar data was reported at 740.000 USD mn in Jun 2018. This records an increase from the previous number of 691.000 USD mn for Mar 2018. United States Nonfin'l Firms Liab Payable in FC: Canadian Dollar data is updated quarterly, averaging 1.921 USD bn from Mar 2003 (Median) to Jun 2018, with 62 observations. The data reached an all-time high of 5.091 USD bn in Jun 2010 and a record low of 641.000 USD mn in Mar 2003. United States Nonfin'l Firms Liab Payable in FC: Canadian Dollar data remains active status in CEIC and is reported by US Department of Treasury. The data is categorized under Global Database’s United States – Table US.KB019: United States Nonfinancial Firms Liabilities to Foreigner.

Interactive historical chart showing the daily New Zealand Dollar - U.S. Dollar (NZDUSD) exchange rate back to 1991.

Interactive chart of historical daily platinum prices back to 1985. The price shown is in U.S. Dollars per troy ounce.