100+ datasets found
  1. U.S. projected annual inflation rate 2010-2029

    • statista.com
    Updated Aug 21, 2024
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    Statista (2024). U.S. projected annual inflation rate 2010-2029 [Dataset]. https://www.statista.com/statistics/244983/projected-inflation-rate-in-the-united-states/
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    Dataset updated
    Aug 21, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    The inflation rate in the United States is expected to decrease to 2.1 percent by 2029. 2022 saw a year of exceptionally high inflation, reaching eight percent for the year. The data represents U.S. city averages. The base period was 1982-84. In economics, the inflation rate is a measurement of inflation, the rate of increase of a price index (in this case: consumer price index). It is the percentage rate of change in prices level over time. The rate of decrease in the purchasing power of money is approximately equal. According to the forecast, prices will increase by 2.9 percent in 2024. The annual inflation rate for previous years can be found here and the consumer price index for all urban consumers here. The monthly inflation rate for the United States can also be accessed here. Inflation in the U.S.Inflation is a term used to describe a general rise in the price of goods and services in an economy over a given period of time. Inflation in the United States is calculated using the consumer price index (CPI). The consumer price index is a measure of change in the price level of a preselected market basket of consumer goods and services purchased by households. This forecast of U.S. inflation was prepared by the International Monetary Fund. They project that inflation will stay higher than average throughout 2023, followed by a decrease to around roughly two percent annual rise in the general level of prices until 2028. Considering the annual inflation rate in the United States in 2021, a two percent inflation rate is a very moderate projection. The 2022 spike in inflation in the United States and worldwide is due to a variety of factors that have put constraints on various aspects of the economy. These factors include COVID-19 pandemic spending and supply-chain constraints, disruptions due to the war in Ukraine, and pandemic related changes in the labor force. Although the moderate inflation of prices between two and three percent is considered normal in a modern economy, countries’ central banks try to prevent severe inflation and deflation to keep the growth of prices to a minimum. Severe inflation is considered dangerous to a country’s economy because it can rapidly diminish the population’s purchasing power and thus damage the GDP .

  2. M

    World Inflation Rate 1981-2025

    • macrotrends.net
    csv
    Updated Feb 28, 2025
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    MACROTRENDS (2025). World Inflation Rate 1981-2025 [Dataset]. https://www.macrotrends.net/global-metrics/countries/WLD/world/inflation-rate-cpi
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    csvAvailable download formats
    Dataset updated
    Feb 28, 2025
    Dataset authored and provided by
    MACROTRENDS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1981 - Mar 18, 2025
    Area covered
    World
    Description

    Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.

  3. Average inflation rate in Mexico 2007-2029

    • statista.com
    Updated Oct 24, 2024
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    Statista (2024). Average inflation rate in Mexico 2007-2029 [Dataset]. https://www.statista.com/statistics/1392270/average-inflation-rate-mexico/
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    Dataset updated
    Oct 24, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Mexico
    Description

    The average inflation rate in Mexico was forecast to continuously decrease between 2024 and 2029 by in total 1.7 percentage points. The inflation is estimated to amount to three percent in 2029. This indicator measures inflation based upon the year on year change in the average consumer price index. The latter expresses a country's average level of prices based on a typical basket of consumer goods and services. The values shown here refer to the year-on-year change in this index measure, expressed in percent.Find more statistics on other topics about Mexico with key insights such as the current account balance as a share of the GDP, the general government structural balance as share of the GDP, and the annual change in imports of trade goods and services.

  4. F

    Personal Consumption Expenditures Excluding Food and Energy (Chain-Type...

    • fred.stlouisfed.org
    json
    Updated Feb 28, 2025
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    Personal Consumption Expenditures Excluding Food and Energy (Chain-Type Price Index) [Dataset]. https://fred.stlouisfed.org/series/PCEPILFE
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    jsonAvailable download formats
    Dataset updated
    Feb 28, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Description

    Graph and download economic data for Personal Consumption Expenditures Excluding Food and Energy (Chain-Type Price Index) (PCEPILFE) from Jan 1959 to Jan 2025 about chained, core, energy, headline figure, PCE, consumption expenditures, consumption, personal, inflation, price index, indexes, price, and USA.

  5. Monthly inflation rate Japan 2019-2025

    • statista.com
    • flwrdeptvarieties.store
    Updated Mar 21, 2025
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    Statista (2025). Monthly inflation rate Japan 2019-2025 [Dataset]. https://www.statista.com/statistics/267235/monthly-inflation-rate-in-japan/
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    Dataset updated
    Mar 21, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jan 2019 - Feb 2025
    Area covered
    Japan
    Description

    In February 2025, the inflation rate in Japan stood at 3.7 percent. The term inflation means the devaluation of money caused by a permanent increase of the price level for products (consumer goods, investment goods). The Consumer Price Index shows the price development for private expenses and shows the current level of inflation when increasing.

  6. M

    Hong Kong Inflation Rate 1982-2025

    • macrotrends.net
    csv
    Updated Feb 28, 2025
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    MACROTRENDS (2025). Hong Kong Inflation Rate 1982-2025 [Dataset]. https://www.macrotrends.net/global-metrics/countries/HKG/hong-kong/inflation-rate-cpi
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    csvAvailable download formats
    Dataset updated
    Feb 28, 2025
    Dataset authored and provided by
    MACROTRENDS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1982 - Mar 26, 2025
    Area covered
    Hong Kong
    Description

    Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.

  7. F

    5-Year Breakeven Inflation Rate

    • fred.stlouisfed.org
    json
    Updated Mar 26, 2025
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    (2025). 5-Year Breakeven Inflation Rate [Dataset]. https://fred.stlouisfed.org/series/T5YIE
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    jsonAvailable download formats
    Dataset updated
    Mar 26, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-citation-requiredhttps://fred.stlouisfed.org/legal/#copyright-citation-required

    Description

    Graph and download economic data for 5-Year Breakeven Inflation Rate (T5YIE) from 2003-01-02 to 2025-03-26 about spread, interest rate, interest, 5-year, inflation, rate, and USA.

  8. U

    United States FRB Cleveland Forecast: Inflation Nowcast: Core CPI: YoY

    • ceicdata.com
    Updated Feb 15, 2025
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    CEICdata.com, United States FRB Cleveland Forecast: Inflation Nowcast: Core CPI: YoY [Dataset]. https://www.ceicdata.com/en/united-states/consumer-price-index-urban-forecast-federal-reserve-bank-of-cleveland/frb-cleveland-forecast-inflation-nowcast-core-cpi-yoy-
    Explore at:
    Dataset updated
    Feb 15, 2025
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jun 1, 2017 - May 1, 2018
    Area covered
    United States
    Description

    United States FRB Cleveland Forecast: Inflation Nowcast: Core Consumer Price Index (CPI): YoY data was reported at 2.123 % in Dec 2018. This records a decrease from the previous number of 2.199 % for Nov 2018. United States FRB Cleveland Forecast: Inflation Nowcast: Core Consumer Price Index (CPI): YoY data is updated monthly, averaging 1.861 % from Aug 2013 (Median) to Dec 2018, with 65 observations. The data reached an all-time high of 2.322 % in Aug 2018 and a record low of 1.583 % in Jan 2015. United States FRB Cleveland Forecast: Inflation Nowcast: Core Consumer Price Index (CPI): YoY data remains active status in CEIC and is reported by Federal Reserve Bank of Cleveland. The data is categorized under Global Database’s United States – Table US.I003: Consumer Price Index: Urban: Forecast: Federal Reserve Bank of Cleveland.

  9. F

    Personal Consumption Expenditures: Chain-type Price Index

    • fred.stlouisfed.org
    json
    Updated Feb 28, 2025
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    (2025). Personal Consumption Expenditures: Chain-type Price Index [Dataset]. https://fred.stlouisfed.org/series/PCEPI
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    jsonAvailable download formats
    Dataset updated
    Feb 28, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Description

    Graph and download economic data for Personal Consumption Expenditures: Chain-type Price Index (PCEPI) from Jan 1959 to Jan 2025 about chained, headline figure, PCE, consumption expenditures, consumption, personal, inflation, price index, indexes, price, and USA.

  10. T

    Norway Inflation Rate

    • tradingeconomics.com
    • zh.tradingeconomics.com
    • +16more
    csv, excel, json, xml
    Updated Mar 10, 2025
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    TRADING ECONOMICS (2025). Norway Inflation Rate [Dataset]. https://tradingeconomics.com/norway/inflation-cpi
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    excel, csv, json, xmlAvailable download formats
    Dataset updated
    Mar 10, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 31, 1950 - Feb 28, 2025
    Area covered
    Norway
    Description

    Inflation Rate in Norway increased to 3.60 percent in February from 2.30 percent in January of 2025. This dataset provides - Norway Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

  11. A

    Angola AO: Inflation: GDP Deflator: Linked Series

    • ceicdata.com
    Updated Jun 15, 2017
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    CEICdata.com (2017). Angola AO: Inflation: GDP Deflator: Linked Series [Dataset]. https://www.ceicdata.com/en/angola/inflation/ao-inflation-gdp-deflator-linked-series
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    Dataset updated
    Jun 15, 2017
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 1, 2012 - Dec 1, 2023
    Area covered
    Angola
    Variables measured
    Consumer Prices
    Description

    Angola AO: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data was reported at 17.648 % in 2023. This records an increase from the previous number of 13.710 % for 2022. Angola AO: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data is updated yearly, averaging 32.021 % from Dec 1990 (Median) to 2023, with 34 observations. The data reached an all-time high of 4,800.532 % in 1996 and a record low of -16.762 % in 2009. Angola AO: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Angola – Table AO.World Bank.WDI: Inflation. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years.;World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.;;

  12. T

    Egypt Core Inflation Rate

    • tradingeconomics.com
    • pl.tradingeconomics.com
    • +16more
    csv, excel, json, xml
    Updated Mar 11, 2025
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    TRADING ECONOMICS (2025). Egypt Core Inflation Rate [Dataset]. https://tradingeconomics.com/egypt/core-inflation-rate
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    excel, json, xml, csvAvailable download formats
    Dataset updated
    Mar 11, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 31, 2005 - Feb 28, 2025
    Area covered
    Egypt
    Description

    Core consumer prices in Egypt increased 10 percent in February of 2025 over the same month in the previous year. This dataset provides - Egypt Core Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

  13. E

    Ethiopia ET: Inflation: GDP Deflator: Linked Series

    • ceicdata.com
    Updated Mar 18, 2018
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    CEICdata.com (2018). Ethiopia ET: Inflation: GDP Deflator: Linked Series [Dataset]. https://www.ceicdata.com/en/ethiopia/inflation/et-inflation-gdp-deflator-linked-series
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    Dataset updated
    Mar 18, 2018
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 1, 2005 - Dec 1, 2016
    Area covered
    Ethiopia
    Description

    Ethiopia ET: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data was reported at 6.324 % in 2017. This records a decrease from the previous number of 10.398 % for 2016. Ethiopia ET: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data is updated yearly, averaging 10.137 % from Dec 1990 (Median) to 2017, with 28 observations. The data reached an all-time high of 33.541 % in 2012 and a record low of -5.755 % in 2001. Ethiopia ET: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Ethiopia – Table ET.World Bank.WDI: Inflation. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years.; ; World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.; ;

  14. J

    Japan Inflation Nowcast: Contribution: Money Market: BOJ: Net Change in...

    • ceicdata.com
    Updated Mar 10, 2025
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    CEICdata.com (2025). Japan Inflation Nowcast: Contribution: Money Market: BOJ: Net Change in Current Account Balances [Dataset]. https://www.ceicdata.com/en/japan/ceic-nowcast-inflation-headline/inflation-nowcast-contribution-money-market-boj-net-change-in-current-account-balances
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    Dataset updated
    Mar 10, 2025
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 23, 2024 - Mar 10, 2025
    Area covered
    Japan
    Description

    Japan Inflation Nowcast: Contribution: Money Market: BOJ: Net Change in Current Account Balances data was reported at 0.000 % in 10 Mar 2025. This stayed constant from the previous number of 0.000 % for 03 Mar 2025. Japan Inflation Nowcast: Contribution: Money Market: BOJ: Net Change in Current Account Balances data is updated weekly, averaging 0.000 % from Jun 2020 (Median) to 10 Mar 2025, with 250 observations. The data reached an all-time high of 2.400 % in 08 Jun 2020 and a record low of 0.000 % in 10 Mar 2025. Japan Inflation Nowcast: Contribution: Money Market: BOJ: Net Change in Current Account Balances data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s Japan – Table JP.CEIC.NC: CEIC Nowcast: Inflation: Headline.

  15. S

    San Marino SM: Inflation: GDP Deflator: Linked Series

    • ceicdata.com
    Updated Jan 4, 2022
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    CEICdata.com (2022). San Marino SM: Inflation: GDP Deflator: Linked Series [Dataset]. https://www.ceicdata.com/en/san-marino/inflation/sm-inflation-gdp-deflator-linked-series
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    Dataset updated
    Jan 4, 2022
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 1, 2006 - Dec 1, 2017
    Area covered
    San Marino
    Description

    San Marino Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data was reported at 1.115 % in 2017. This records an increase from the previous number of 0.653 % for 2016. San Marino Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data is updated yearly, averaging 1.772 % from Dec 1998 (Median) to 2017, with 20 observations. The data reached an all-time high of 3.845 % in 2009 and a record low of -0.420 % in 2010. San Marino Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s San Marino – Table SM.World Bank.WDI: Inflation. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years.; ; World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.; ;

  16. F

    Treasury Long-Term Average (Over 10 Years), Inflation-Indexed

    • fred.stlouisfed.org
    json
    Updated Mar 25, 2025
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    (2025). Treasury Long-Term Average (Over 10 Years), Inflation-Indexed [Dataset]. https://fred.stlouisfed.org/series/DLTIIT
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    jsonAvailable download formats
    Dataset updated
    Mar 25, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Description

    Graph and download economic data for Treasury Long-Term Average (Over 10 Years), Inflation-Indexed (DLTIIT) from 2000-01-03 to 2025-03-24 about TIPS, long-term, Treasury, yield, interest rate, interest, real, rate, and USA.

  17. United States of America Inflation rate

    • knoema.com
    csv, json, sdmx, xls
    Updated Feb 28, 2025
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    Knoema (2025). United States of America Inflation rate [Dataset]. https://knoema.com/atlas/United-States-of-America/topics/Economy/Inflation-and-Prices/Inflation-rate
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    xls, csv, sdmx, jsonAvailable download formats
    Dataset updated
    Feb 28, 2025
    Dataset authored and provided by
    Knoemahttp://knoema.com/
    Time period covered
    2012 - 2023
    Area covered
    United States
    Variables measured
    Consumer price inflation
    Description

    Inflation rate of United States of America plummeted by 48.56% from 8.0 % in 2022 to 4.1 % in 2023. Since the 280.83% surge in 2021, inflation rate dropped by 12.38% in 2023. Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.

  18. I

    Ivory Coast CI: Inflation: GDP Deflator

    • ceicdata.com
    Updated Apr 21, 2021
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    CEICdata.com (2021). Ivory Coast CI: Inflation: GDP Deflator [Dataset]. https://www.ceicdata.com/en/ivory-coast/inflation/ci-inflation-gdp-deflator
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    Dataset updated
    Apr 21, 2021
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 1, 2006 - Dec 1, 2017
    Area covered
    Côte d'Ivoire
    Variables measured
    Consumer Prices
    Description

    Ivory Coast CI: Inflation:(GDP) Gross Domestic ProductDeflator data was reported at 1.143 % in 2017. This records a decrease from the previous number of 1.568 % for 2016. Ivory Coast CI: Inflation:(GDP) Gross Domestic ProductDeflator data is updated yearly, averaging 3.005 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 46.386 % in 1994 and a record low of -4.523 % in 1990. Ivory Coast CI: Inflation:(GDP) Gross Domestic ProductDeflator data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Ivory Coast – Table CI.World Bank.WDI: Inflation. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; Median;

  19. G

    Greenland GL: Inflation: GDP Deflator

    • ceicdata.com
    Updated May 7, 2018
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    CEICdata.com (2018). Greenland GL: Inflation: GDP Deflator [Dataset]. https://www.ceicdata.com/en/greenland/inflation/gl-inflation-gdp-deflator
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    Dataset updated
    May 7, 2018
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 1, 2004 - Dec 1, 2015
    Area covered
    Greenland
    Description

    Greenland GL: Inflation:(GDP) Gross Domestic ProductDeflator data was reported at -0.218 % in 2016. This records a decrease from the previous number of 6.131 % for 2015. Greenland GL: Inflation:(GDP) Gross Domestic ProductDeflator data is updated yearly, averaging 3.787 % from Dec 1971 (Median) to 2016, with 46 observations. The data reached an all-time high of 16.426 % in 1975 and a record low of -3.229 % in 2005. Greenland GL: Inflation:(GDP) Gross Domestic ProductDeflator data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Greenland – Table GL.World Bank: Inflation. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; Median;

  20. Monthly real vs. nominal interest rates and inflation rate for the U.S....

    • statista.com
    Updated Jan 3, 2025
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    Statista (2025). Monthly real vs. nominal interest rates and inflation rate for the U.S. 1982-2024 [Dataset]. https://www.statista.com/statistics/1342636/real-nominal-interest-rate-us-inflation/
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    Dataset updated
    Jan 3, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jan 1982 - Nov 2024
    Area covered
    United States
    Description

    Real interest rates describe the growth in the real value of the interest on a loan or deposit, adjusted for inflation. Nominal interest rates on the other hand show us the raw interest rate, which is unadjusted for inflation. If the inflation rate in a certain country were zero percent, the real and nominal interest rates would be the same number. As inflation reduces the real value of a loan, however, a positive inflation rate will mean that the nominal interest rate is more likely to be greater than the real interest rate. We can see this in the recent inflationary episode which has taken place in the wake of the Coronavirus pandemic, with nominal interest rates rising over the course of 2022, but still lagging far behind the rate of inflation, meaning these rate rises register as smaller increases in the real interest rate.

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Statista (2024). U.S. projected annual inflation rate 2010-2029 [Dataset]. https://www.statista.com/statistics/244983/projected-inflation-rate-in-the-united-states/
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U.S. projected annual inflation rate 2010-2029

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44 scholarly articles cite this dataset (View in Google Scholar)
Dataset updated
Aug 21, 2024
Dataset authored and provided by
Statistahttp://statista.com/
Area covered
United States
Description

The inflation rate in the United States is expected to decrease to 2.1 percent by 2029. 2022 saw a year of exceptionally high inflation, reaching eight percent for the year. The data represents U.S. city averages. The base period was 1982-84. In economics, the inflation rate is a measurement of inflation, the rate of increase of a price index (in this case: consumer price index). It is the percentage rate of change in prices level over time. The rate of decrease in the purchasing power of money is approximately equal. According to the forecast, prices will increase by 2.9 percent in 2024. The annual inflation rate for previous years can be found here and the consumer price index for all urban consumers here. The monthly inflation rate for the United States can also be accessed here. Inflation in the U.S.Inflation is a term used to describe a general rise in the price of goods and services in an economy over a given period of time. Inflation in the United States is calculated using the consumer price index (CPI). The consumer price index is a measure of change in the price level of a preselected market basket of consumer goods and services purchased by households. This forecast of U.S. inflation was prepared by the International Monetary Fund. They project that inflation will stay higher than average throughout 2023, followed by a decrease to around roughly two percent annual rise in the general level of prices until 2028. Considering the annual inflation rate in the United States in 2021, a two percent inflation rate is a very moderate projection. The 2022 spike in inflation in the United States and worldwide is due to a variety of factors that have put constraints on various aspects of the economy. These factors include COVID-19 pandemic spending and supply-chain constraints, disruptions due to the war in Ukraine, and pandemic related changes in the labor force. Although the moderate inflation of prices between two and three percent is considered normal in a modern economy, countries’ central banks try to prevent severe inflation and deflation to keep the growth of prices to a minimum. Severe inflation is considered dangerous to a country’s economy because it can rapidly diminish the population’s purchasing power and thus damage the GDP .

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