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. HBAI absolute low income: illustrative figures using CPI to adjust for...

    • gov.uk
    Updated Jun 14, 2013
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    Department for Work and Pensions (2013). HBAI absolute low income: illustrative figures using CPI to adjust for inflation [Dataset]. https://www.gov.uk/government/statistics/hbai-absolute-low-income-illustrative-figures-using-cpi-to-adjust-for-inflation
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    Dataset updated
    Jun 14, 2013
    Dataset provided by
    GOV.UKhttp://gov.uk/
    Authors
    Department for Work and Pensions
    Description

    Households below average income (HBAI) statistical series use variants of the Retail Prices Index (RPI) to adjust for inflation. This note presents illustrative comparisons for our series using Consumer Prices Index (CPI) to adjust for inflation in the HBAI.

  3. T

    Thailand Inflation Rate

    • tradingeconomics.com
    • zh.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Jul 7, 2025
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    TRADING ECONOMICS (2025). Thailand Inflation Rate [Dataset]. https://tradingeconomics.com/thailand/inflation-cpi
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    csv, json, excel, xmlAvailable download formats
    Dataset updated
    Jul 7, 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, 1977 - Jun 30, 2025
    Area covered
    Thailand
    Description

    Inflation Rate in Thailand decreased by 0.25 percent in June from -0.57 percent in May of 2025. This dataset provides the latest reported value for - Thailand Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

  4. F

    Consumer Price Index for All Urban Consumers: Services Less Energy Services...

    • fred.stlouisfed.org
    json
    Updated Jun 11, 2025
    + more versions
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    (2025). Consumer Price Index for All Urban Consumers: Services Less Energy Services in U.S. City Average [Dataset]. https://fred.stlouisfed.org/series/CUUR0000SASLE
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    jsonAvailable download formats
    Dataset updated
    Jun 11, 2025
    License

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

    Area covered
    United States
    Description

    Graph and download economic data for Consumer Price Index for All Urban Consumers: Services Less Energy Services in U.S. City Average (CUUR0000SASLE) from Jan 1957 to May 2025 about energy, urban, consumer, services, CPI, inflation, price index, indexes, price, and USA.

  5. U

    USA Inflation, annual percent change in the CPI, May, 2025 - data, chart |...

    • theglobaleconomy.com
    csv, excel, xml
    Updated Aug 7, 2024
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    Globalen LLC (2024). USA Inflation, annual percent change in the CPI, May, 2025 - data, chart | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/USA/inflation_annual/
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    xml, excel, csvAvailable download formats
    Dataset updated
    Aug 7, 2024
    Dataset authored and provided by
    Globalen LLC
    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, 1961 - May 31, 2025
    Area covered
    United States
    Description

    The latest inflation rate, i.e. the percent change in the CPI from a year ago to now, in the USA was 2.35 percent. That number was released in . It shows an increase from the inflation rate in the previous month when it stood at 2.31 percent. Compared to a year ago, we see a decrease from the...

  6. M

    U.S. Inflation Rate 1960-2025

    • macrotrends.net
    csv
    Updated May 31, 2025
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    MACROTRENDS (2025). U.S. Inflation Rate 1960-2025 [Dataset]. https://www.macrotrends.net/global-metrics/countries/usa/united-states/inflation-rate-cpi
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    csvAvailable download formats
    Dataset updated
    May 31, 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
    Jan 1, 1960 - May 31, 2025
    Area covered
    United States
    Description
    U.S. inflation rate for 2023 was 4.13%, a 3.88% decline from 2022.
    <ul style='margin-top:20px;'>
    
    <li>U.S. inflation rate for 2022 was <strong>8.00%</strong>, a <strong>3.3% increase</strong> from 2021.</li>
    <li>U.S. inflation rate for 2021 was <strong>4.70%</strong>, a <strong>3.46% increase</strong> from 2020.</li>
    <li>U.S. inflation rate for 2020 was <strong>1.23%</strong>, a <strong>0.58% decline</strong> from 2019.</li>
    </ul>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

    Consumer Price Index for All Urban Consumers: Commodities Less Food and...

    • fred.stlouisfed.org
    json
    Updated Jun 11, 2025
    + more versions
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    (2025). Consumer Price Index for All Urban Consumers: Commodities Less Food and Energy Commodities in U.S. City Average [Dataset]. https://fred.stlouisfed.org/series/CUSR0000SACL1E
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    jsonAvailable download formats
    Dataset updated
    Jun 11, 2025
    License

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

    Area covered
    United States
    Description

    Graph and download economic data for Consumer Price Index for All Urban Consumers: Commodities Less Food and Energy Commodities in U.S. City Average (CUSR0000SACL1E) from Jan 1957 to May 2025 about core, urban, consumer, CPI, commodities, inflation, price index, indexes, price, and USA.

  8. Change of inflation rate in Florence in 2025

    • statista.com
    Updated Jun 5, 2025
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    Statista (2025). Change of inflation rate in Florence in 2025 [Dataset]. https://www.statista.com/statistics/1455016/florence-inflation-rate/
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    Dataset updated
    Jun 5, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Italy
    Description

    Compared to 2024, the cost of living in Florence has increased by *** percent in 2025. In particular, education recorded the highest increment, at *** percent. On the other hand, communications, transportation, and house furniture costs recorded deflation by *** and *** percent.

  9. F

    Fiji Inflation, monthly percent change in the CPI, April, 2025 - data, chart...

    • theglobaleconomy.com
    csv, excel, xml
    Updated Apr 15, 2025
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    Globalen LLC (2025). Fiji Inflation, monthly percent change in the CPI, April, 2025 - data, chart | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/Fiji/inflation_monthly/
    Explore at:
    excel, csv, xmlAvailable download formats
    Dataset updated
    Apr 15, 2025
    Dataset authored and provided by
    Globalen LLC
    License

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

    Time period covered
    Feb 29, 2016 - Apr 30, 2025
    Area covered
    Fiji
    Description

    Inflation, monthly percent change in the CPI in Fiji, April, 2025 The most recent value is -0.63 percent as of April 2025, a decline compared to the previous value of 0.64 percent. Historically, the average for Fiji from February 2016 to April 2025 is 0.19 percent. The minimum of -2.62 percent was recorded in March 2021, while the maximum of 2.26 percent was reached in January 2017. | TheGlobalEconomy.com

  10. U.S. monthly change in the Consumer Price Index (CPI-U) 2023-2024

    • statista.com
    Updated Jun 27, 2025
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    Statista (2025). U.S. monthly change in the Consumer Price Index (CPI-U) 2023-2024 [Dataset]. https://www.statista.com/statistics/216037/monthly-percentage-of-change-in-the-cpi-u-in-the-us/
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    Dataset updated
    Jun 27, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Nov 2023 - Nov 2024
    Area covered
    United States
    Description

    In November 2024, the seasonally adjusted consumer price index for all urban consumers (CPI-U) in the United States increased *** percent from the previous month. The data represents city averages in the United States. The defined base period is: 1982-84=100. The CPI is defined by the United States Bureau of Labor Statistics as “a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services”.

  11. N

    Netherlands Inflation, monthly percent change in the CPI, June, 2025 - data,...

    • theglobaleconomy.com
    csv, excel, xml
    Updated Jun 15, 2025
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    Globalen LLC (2025). Netherlands Inflation, monthly percent change in the CPI, May, 2025 - data, chart | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/Netherlands/inflation_monthly/
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    csv, xml, excelAvailable download formats
    Dataset updated
    Jun 15, 2025
    Dataset authored and provided by
    Globalen LLC
    License

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

    Time period covered
    Feb 29, 1996 - Jun 30, 2025
    Area covered
    Netherlands
    Description

    Inflation, monthly percent change in the CPI in the Netherlands, June, 2025 The most recent value is 0 percent as of June 2025, an increase compared to the previous value of -0.86 percent. Historically, the average for the Netherlands from February 1996 to June 2025 is 0.2 percent. The minimum of -3.9 percent was recorded in November 2022, while the maximum of 4.43 percent was reached in March 2022. | TheGlobalEconomy.com

  12. T

    Greece Inflation Rate

    • tradingeconomics.com
    • pl.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Jun 10, 2025
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    TRADING ECONOMICS (2025). Greece Inflation Rate [Dataset]. https://tradingeconomics.com/greece/inflation-cpi
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    csv, excel, json, xmlAvailable download formats
    Dataset updated
    Jun 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, 1960 - Jun 30, 2025
    Area covered
    Greece
    Description

    Inflation Rate in Greece increased to 2.80 percent in June from 2.50 percent in May of 2025. This dataset provides the latest reported value for - Greece Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

  13. T

    Bulgaria Inflation Rate

    • tradingeconomics.com
    • de.tradingeconomics.com
    • +13more
    csv, excel, json, xml
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    TRADING ECONOMICS, Bulgaria Inflation Rate [Dataset]. https://tradingeconomics.com/bulgaria/inflation-cpi
    Explore at:
    excel, json, xml, csvAvailable download formats
    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, 1996 - May 31, 2025
    Area covered
    Bulgaria
    Description

    Inflation Rate in Bulgaria increased to 3.70 percent in May from 3.50 percent in April of 2025. This dataset provides the latest reported value for - Bulgaria Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

  14. T

    Jordan Inflation Rate

    • tradingeconomics.com
    • ko.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Jul 11, 2025
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    TRADING ECONOMICS (2025). Jordan Inflation Rate [Dataset]. https://tradingeconomics.com/jordan/inflation-cpi
    Explore at:
    csv, excel, xml, jsonAvailable download formats
    Dataset updated
    Jul 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, 1977 - Jun 30, 2025
    Area covered
    Jordan
    Description

    Inflation Rate in Jordan increased to 2 percent in June from 1.98 percent in May of 2025. This dataset provides the latest reported value for - Jordan Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

  15. Tax credits and benefits – inflation adjustment

    • open.canada.ca
    • datasets.ai
    • +1more
    csv, html, xlsx
    Updated Jun 13, 2025
    + more versions
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    Government of Ontario (2025). Tax credits and benefits – inflation adjustment [Dataset]. https://open.canada.ca/data/en/dataset/b8001156-e2bb-48bb-bc32-dd99bb34e408
    Explore at:
    csv, xlsx, htmlAvailable download formats
    Dataset updated
    Jun 13, 2025
    Dataset provided by
    Government of Ontariohttps://www.ontario.ca/
    License

    Open Government Licence - Canada 2.0https://open.canada.ca/en/open-government-licence-canada
    License information was derived automatically

    Time period covered
    Jan 1, 2019 - Jun 30, 2026
    Description

    The data includes the following information for various tax credits and benefits: * maximum amounts * income ranges * phase-out rates Each year the maximum amounts and income ranges for certain credits and benefits are adjusted for inflation. You can download the dataset to view these adjustments.

  16. F

    Consumer Price Index for All Urban Consumers: Rent of Primary Residence in...

    • fred.stlouisfed.org
    json
    Updated Jun 11, 2025
    + more versions
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    Consumer Price Index for All Urban Consumers: Rent of Primary Residence in Size Class B/C [Dataset]. https://fred.stlouisfed.org/series/CUURX000SEHA
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Jun 11, 2025
    License

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

    Description

    Graph and download economic data for Consumer Price Index for All Urban Consumers: Rent of Primary Residence in Size Class B/C (CUURX000SEHA) from Dec 1997 to May 2025 about primary, rent, urban, consumer, CPI, inflation, price index, indexes, price, and USA.

  17. N

    Moody, AL Median Household Income Trends (2010-2021, in 2022...

    • neilsberg.com
    csv, json
    Updated Jan 11, 2024
    + more versions
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    Neilsberg Research (2024). Moody, AL Median Household Income Trends (2010-2021, in 2022 inflation-adjusted dollars) [Dataset]. https://www.neilsberg.com/research/datasets/91974134-73f0-11ee-949f-3860777c1fe6/
    Explore at:
    json, csvAvailable download formats
    Dataset updated
    Jan 11, 2024
    Dataset authored and provided by
    Neilsberg Research
    License

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

    Area covered
    Moody, Alabama
    Variables measured
    Median Household Income, Median Household Income Year on Year Change, Median Household Income Year on Year Percent Change
    Measurement technique
    The data presented in this dataset is derived from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates. It presents the median household income from the years 2010 to 2021 following an initial analysis and categorization of the census data. Subsequently, we adjusted these figures for inflation using the Consumer Price Index retroactive series via current methods (R-CPI-U-RS). For additional information about these estimations, please contact us via email at research@neilsberg.com
    Dataset funded by
    Neilsberg Research
    Description
    About this dataset

    Context

    The dataset illustrates the median household income in Moody, spanning the years from 2010 to 2021, with all figures adjusted to 2022 inflation-adjusted dollars. Based on the latest 2017-2021 5-Year Estimates from the American Community Survey, it displays how income varied over the last decade. The dataset can be utilized to gain insights into median household income trends and explore income variations.

    Key observations:

    From 2010 to 2021, the median household income for Moody increased by $3,698 (5.15%), as per the American Community Survey estimates. In comparison, median household income for the United States increased by $4,559 (6.51%) between 2010 and 2021.

    Analyzing the trend in median household income between the years 2010 and 2021, spanning 11 annual cycles, we observed that median household income, when adjusted for 2022 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS), experienced growth year by year for 7 years and declined for 4 years.

    https://i.neilsberg.com/ch/moody-al-median-household-income-trend.jpeg" alt="Moody, AL median household income trend (2010-2021, in 2022 inflation-adjusted dollars)">

    Content

    When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates. All incomes have been adjusting for inflation and are presented in 2022-inflation-adjusted dollars.

    Years for which data is available:

    • 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021

    Variables / Data Columns

    • Year: This column presents the data year from 2010 to 2021
    • Median Household Income: Median household income, in 2022 inflation-adjusted dollars for the specific year
    • YOY Change($): Change in median household income between the current and the previous year, in 2022 inflation-adjusted dollars
    • YOY Change(%): Percent change in median household income between current and the previous year

    Good to know

    Margin of Error

    Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

    Custom data

    If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

    Inspiration

    Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

    Recommended for further research

    This dataset is a part of the main dataset for Moody median household income. You can refer the same here

  18. M

    India Inflation Rate (1960-2024)

    • macrotrends.net
    csv
    Updated May 31, 2025
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    MACROTRENDS (2025). India Inflation Rate (1960-2024) [Dataset]. https://www.macrotrends.net/global-metrics/countries/ind/india/inflation-rate-cpi
    Explore at:
    csvAvailable download formats
    Dataset updated
    May 31, 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

    Area covered
    india
    Description
    India inflation rate for 2024 was 4.95%, a 0.7% decline from 2023.
    <ul style='margin-top:20px;'>
    
    <li>India inflation rate for 2023 was <strong>5.65%</strong>, a <strong>1.05% decline</strong> from 2022.</li>
    <li>India inflation rate for 2022 was <strong>6.70%</strong>, a <strong>1.57% increase</strong> from 2021.</li>
    <li>India inflation rate for 2021 was <strong>5.13%</strong>, a <strong>1.49% decline</strong> from 2020.</li>
    </ul>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.
    
  19. d

    Strategic Measure_Cost of City Services per Capita Adjusted for Inflation...

    • catalog.data.gov
    • data.austintexas.gov
    • +2more
    Updated Jun 25, 2025
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    data.austintexas.gov (2025). Strategic Measure_Cost of City Services per Capita Adjusted for Inflation (General Fund only) [Dataset]. https://catalog.data.gov/dataset/strategic-measure-cost-of-city-services-per-capita-adjusted-for-inflation-general-fund-onl
    Explore at:
    Dataset updated
    Jun 25, 2025
    Dataset provided by
    data.austintexas.gov
    Description

    This dataset has information about the cost of providing General Fund City services per capita of the Full Purpose City population (SD23 measure GTW.A.4). It provides expense information from the annual approved budget document (General Fund Summary and Budget Stabilization Reserve Fund Summary) and population information from the City Demographer's Full Purpose Population numbers. The Consumer Price Index information for Texas is available through the following Key Economic Indicators dataset: https://data.texas.gov/dataset/Key-Economic-Indicators/karz-jr5v. This dataset can be used to help understand the cost of city services over time. View more details and insights related to this dataset on the story page: https://data.austintexas.gov/stories/s/ixex-hibp

  20. Inflation Nowcasting

    • clevelandfed.org
    json
    Updated Mar 10, 2017
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    Federal Reserve Bank of Cleveland (2017). Inflation Nowcasting [Dataset]. https://www.clevelandfed.org/indicators-and-data/inflation-nowcasting
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    jsonAvailable download formats
    Dataset updated
    Mar 10, 2017
    Dataset authored and provided by
    Federal Reserve Bank of Clevelandhttps://www.clevelandfed.org/
    License

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

    Description

    The Federal Reserve Bank of Cleveland provides daily “nowcasts” of inflation for two popular price indexes, the price index for personal consumption expenditures (PCE) and the Consumer Price Index (CPI). These nowcasts give a sense of where inflation is today. Released each business day.

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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/
Organization logo

U.S. projected annual inflation rate 2010-2029

Explore at:
49 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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