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

    • tokrwards.com
    • statista.com
    • +1more
    Updated Oct 1, 2024
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    Abigail Tierney (2024). U.S. projected annual inflation rate 2010-2029 [Dataset]. https://tokrwards.com/?_=%2Ftopics%2F774%2Finflation%2F%23D%2FIbH0PhabzN99vNwgDeng71Gw4euCn%2B
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    Dataset updated
    Oct 1, 2024
    Dataset provided by
    Statistahttp://statista.com/
    Authors
    Abigail Tierney
    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. T

    United States Consumer Inflation Expectations

    • tradingeconomics.com
    • it.tradingeconomics.com
    • +12more
    csv, excel, json, xml
    Updated Mar 6, 2024
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    TRADING ECONOMICS (2024). United States Consumer Inflation Expectations [Dataset]. https://tradingeconomics.com/united-states/inflation-expectations
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    json, excel, xml, csvAvailable download formats
    Dataset updated
    Mar 6, 2024
    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
    Jun 30, 2013 - Sep 30, 2025
    Area covered
    United States
    Description

    Inflation Expectations in the United States increased to 3.40 percent in September from 3.20 percent in August of 2025. This dataset provides - United States Consumer Inflation Expectations- actual values, historical data, forecast, chart, statistics, economic calendar and news.

  3. Consumer price inflation consumption segment indices and price quotes

    • ons.gov.uk
    • cy.ons.gov.uk
    csv
    Updated Sep 17, 2025
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    Office for National Statistics (2025). Consumer price inflation consumption segment indices and price quotes [Dataset]. https://www.ons.gov.uk/economy/inflationandpriceindices/datasets/consumerpriceindicescpiandretailpricesindexrpiitemindicesandpricequotes
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    csvAvailable download formats
    Dataset updated
    Sep 17, 2025
    Dataset provided by
    Office for National Statisticshttp://www.ons.gov.uk/
    License

    Open Government Licence 3.0http://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/
    License information was derived automatically

    Description

    Price quote data (for locally collected data only) and consumption segment indices that underpin consumer price inflation statistics, giving users access to the detailed data that are used in the construction of the UK’s inflation figures. The data are being made available for research purposes only and are not an accredited official statistic. From October 2024, private school fees and part-time education classes have been included in the consumption segment indices file. For more information on the introduction of consumption segments, please see the Consumer Prices Indices Technical Manual, 2019. Note that this dataset was previously called the consumer price inflation item indices and price quotes dataset.

  4. EU hydrogen production costs and IRA impact on U.S. green hydrogen imports...

    • statista.com
    • buyumeacoffee.com
    Updated May 30, 2025
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    Statista Research Department (2025). EU hydrogen production costs and IRA impact on U.S. green hydrogen imports to EU 2023 [Dataset]. https://www.statista.com/topics/12337/economic-impact-of-inflation-worldwide/
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    Dataset updated
    May 30, 2025
    Dataset provided by
    Statistahttp://statista.com/
    Authors
    Statista Research Department
    Area covered
    United States
    Description

    Green hydrogen refers to hydrogen produced using renewable energy sources, while gray hydrogen is produced from natural gas and releases carbon emissions. In the EU, the cost of producing green hydrogen domestically was estimated to be between three and four U.S. dollars per kilogram of hydrogen. However, this is more expensive than the estimated costs of producing ammonia and methanol using gray hydrogen, which was estimated to cost between 1.40 and 2.20 U.S. dollars per kilogram for ammonia and 1.80 and 2.20 U.S. dollars per kilogram for methanol. In the U.S., the estimated cost of green hydrogen production is similar to the EU, ranging from three to four U.S. dollars per kilogram. Additionally, there is an estimated cost of 1.50 U.S. dollars per kilogram for transportation and cracking processes associated with U.S. hydrogen production. As such, when the U.S. green hydrogen is imported into the EU, the estimated cost increases to 4.50-5.50 U.S. dollars per kilogram. However, the U.S. Inflation Reduction Act (IRA) helps bridge this cost gap and reduces these costs to a range of 1.50 and 2.50 U.S. dollars per kilogram of hydrogen.

  5. c

    CNBC Economy Articles Dataset

    • crawlfeeds.com
    csv, zip
    Updated Jan 10, 2025
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    Crawl Feeds (2025). CNBC Economy Articles Dataset [Dataset]. https://crawlfeeds.com/datasets/cnbc-economy-articles-dataset
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    zip, csvAvailable download formats
    Dataset updated
    Jan 10, 2025
    Dataset authored and provided by
    Crawl Feeds
    License

    https://crawlfeeds.com/privacy_policyhttps://crawlfeeds.com/privacy_policy

    Description

    The CNBC Economy Articles Dataset is an invaluable collection of data extracted from CNBC’s economy section, offering deep insights into global and U.S. economic trends, market dynamics, financial policies, and industry developments.

    This dataset encompasses a diverse array of economic articles on critical topics like GDP growth, inflation rates, employment statistics, central bank policies, and major global events influencing the market. Designed for researchers, analysts, and businesses, it serves as an essential resource for understanding economic patterns, conducting sentiment analysis, and developing financial forecasting models.

    Dataset Highlights

    Each record in the dataset is meticulously structured and includes:

    • Article Titles
    • Publication Dates
    • Author Names
    • Content Summaries
    • URLs to Original Articles

    This rich combination of fields ensures seamless integration into data science projects, research papers, and market analyses.

    Key Features

    • Number of Articles: Hundreds of articles sourced directly from CNBC.
    • Data Fields: Includes title, publication date, author, article content, summary, URL, and relevant keywords.
    • Topics Covered: U.S. and global economy, GDP trends, inflation, employment, financial markets, and monetary policies.
    • Format: Delivered in CSV format for easy integration with research tools and analytical platforms.
    • Source: Extracted directly from CNBC’s economy news section, ensuring accuracy and relevance.

    Use Cases

    • Economic Research: Gain insights into U.S. and global economic policies, market trends, and industry developments.
    • Sentiment Analysis: Assess the sentiment of economic articles to gauge market perspectives and investor confidence.
    • Financial Modeling: Build forecasting models leveraging key economic indicators discussed in the dataset.
    • Content Creation: Develop research-backed reports, articles, and presentations on economic topics.

    Explore More News Datasets

    Interested in additional structured news datasets for your research or analytics needs? Check out our news dataset collection to find datasets tailored for diverse analytical applications.

  6. T

    Australia Inflation Rate

    • tradingeconomics.com
    • jp.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Oct 10, 2025
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    TRADING ECONOMICS (2025). Australia Inflation Rate [Dataset]. https://tradingeconomics.com/australia/inflation-cpi
    Explore at:
    csv, excel, json, xmlAvailable download formats
    Dataset updated
    Oct 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
    Mar 31, 1951 - Jun 30, 2025
    Area covered
    Australia
    Description

    Inflation Rate in Australia decreased to 2.10 percent in the second quarter of 2025 from 2.40 percent in the first quarter of 2025. This dataset provides the latest reported value for - Australia Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

  7. CPI inflation rate among large economies in Western Europe 2010-2025

    • statista.com
    • tokrwards.com
    • +2more
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    Statista, CPI inflation rate among large economies in Western Europe 2010-2025 [Dataset]. https://www.statista.com/statistics/1173903/inflation-in-largest-european-countries/
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    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jan 2010 - Aug 2025
    Area covered
    Europe
    Description

    Since 2021, the large economies of Western Europe have been experiencing a surge in inflation, with inflation reaching as high as 11.84 percent in Italy during October 2022. During 2023 the rate of inflation in all these economies has fallen significantly, reaching as low as 0.67 percent in Italy and 3.17 percent in Germany. This inflationary episode is understood by economists to have been caused by several factors, notably the supply chain issues during the COVID-19 pandemic, pent-up consumer demand which was released after lockdowns ended, as well as policies of monetary and fiscal stimulus during the pandemic aimed at boosting economic activity.

  8. F

    Inflation, consumer prices for Switzerland

    • fred.stlouisfed.org
    json
    Updated Oct 8, 2025
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    (2025). Inflation, consumer prices for Switzerland [Dataset]. https://fred.stlouisfed.org/series/FPCPITOTLZGCHE
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Oct 8, 2025
    License

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

    Area covered
    Switzerland
    Description

    Graph and download economic data for Inflation, consumer prices for Switzerland (FPCPITOTLZGCHE) from 1960 to 2024 about Switzerland, consumer, CPI, inflation, price index, indexes, and price.

  9. F

    Longer Run FOMC Summary of Economic Projections for the Personal Consumption...

    • fred.stlouisfed.org
    json
    Updated Sep 17, 2025
    + more versions
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    (2025). Longer Run FOMC Summary of Economic Projections for the Personal Consumption Expenditures Inflation Rate, Central Tendency, Midpoint [Dataset]. https://fred.stlouisfed.org/series/PCECTPICTMLR
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Sep 17, 2025
    License

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

    Description

    Graph and download economic data for Longer Run FOMC Summary of Economic Projections for the Personal Consumption Expenditures Inflation Rate, Central Tendency, Midpoint (PCECTPICTMLR) from 2009-02-18 to 2025-09-17 about projection, PCE, consumption expenditures, consumption, personal, inflation, rate, and USA.

  10. F

    Inflation, consumer prices for the United States

    • fred.stlouisfed.org
    json
    Updated Apr 16, 2025
    + more versions
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    (2025). Inflation, consumer prices for the United States [Dataset]. https://fred.stlouisfed.org/graph/?g=lXs0
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Apr 16, 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 Inflation, consumer prices for the United States from 1960 to 2024 about consumer, CPI, inflation, price index, indexes, price, and USA.

  11. F

    FOMC Summary of Economic Projections for the Personal Consumption...

    • fred.stlouisfed.org
    json
    Updated Sep 17, 2025
    + more versions
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    (2025). FOMC Summary of Economic Projections for the Personal Consumption Expenditures Inflation Rate, Central Tendency, Midpoint [Dataset]. https://fred.stlouisfed.org/series/PCECTPICTM
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Sep 17, 2025
    License

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

    Description

    Graph and download economic data for FOMC Summary of Economic Projections for the Personal Consumption Expenditures Inflation Rate, Central Tendency, Midpoint (PCECTPICTM) from 2025 to 2028 about projection, PCE, consumption expenditures, consumption, personal, inflation, rate, and USA.

  12. T

    Canada Inflation Rate

    • tradingeconomics.com
    • es.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Sep 16, 2025
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    TRADING ECONOMICS (2025). Canada Inflation Rate [Dataset]. https://tradingeconomics.com/canada/inflation-cpi
    Explore at:
    json, excel, csv, xmlAvailable download formats
    Dataset updated
    Sep 16, 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, 1915 - Aug 31, 2025
    Area covered
    Canada
    Description

    Inflation Rate in Canada increased to 1.90 percent in August from 1.70 percent in July of 2025. This dataset provides - Canada Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

  13. F

    Inflation, consumer prices: All Income Levels for Latin America and...

    • fred.stlouisfed.org
    json
    Updated Jul 2, 2025
    + more versions
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    (2025). Inflation, consumer prices: All Income Levels for Latin America and Caribbean [Dataset]. https://fred.stlouisfed.org/series/FPCPITOTLZGLCN
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Jul 2, 2025
    License

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

    Area covered
    Latin America
    Description

    Graph and download economic data for Inflation, consumer prices: All Income Levels for Latin America and Caribbean (FPCPITOTLZGLCN) from 1967 to 2024 about Caribbean Economies, Latin America, consumer prices, consumer, income, and inflation.

  14. T

    Norway Inflation Rate

    • tradingeconomics.com
    • zh.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Oct 10, 2025
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    TRADING ECONOMICS (2025). Norway Inflation Rate [Dataset]. https://tradingeconomics.com/norway/inflation-cpi
    Explore at:
    excel, csv, json, xmlAvailable download formats
    Dataset updated
    Oct 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 - Sep 30, 2025
    Area covered
    Norway
    Description

    Inflation Rate in Norway increased to 3.60 percent in September from 3.50 percent in August of 2025. This dataset provides - Norway Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

  15. Inflation rate in Brazil 2030

    • statista.com
    • thefarmdosupply.com
    • +2more
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    Statista, Inflation rate in Brazil 2030 [Dataset]. https://www.statista.com/statistics/270812/inflation-rate-in-brazil/
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    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Brazil
    Description

    In 2020, the inflation rate in Brazil amounted to about 3.21 percent compared to the previous year, a slight increase from the previous year’s 3.73 percent, but a large improvement compared to 2015 with more than 9 percent. Superlative BrazilBrazil is not only one of the largest countries in the world, it is also one of the largest economies and a member of the so-called BRIC states, four up-and-coming emerging economies. Unfortunately, Brazil also struggles due to an on-going recession; In 2017, the majority of Brazilians described the state of the country’s economy as “bad”. The state of Brazil’s economyBrazil’s mixed economy suffered a severe political and economic crisis in 2014 that only ended in 2016. The country’s GDP slumped dramatically and inflation skyrocketed. As of today, Brazil has recovered, GDP is on the rise again, and inflation is below four percent – however, as a result of the recession that saw millions of job cuts, unemployment is at an all-time high.

  16. d

    Inflation, GDP deflator (annual %)

    • datahub.io
    Updated Dec 25, 2024
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    (2024). Inflation, GDP deflator (annual %) [Dataset]. https://datahub.io/core/world-development-indicators/indicators/ny.gdp.defl.kd.zg
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    Dataset updated
    Dec 25, 2024
    License

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

    Description

    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 cu...

  17. Monthly inflation rate of housing, water, electricity and fuels Argentina...

    • statista.com
    • tokrwards.com
    Updated Mar 12, 2025
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    Jose Sanchez (2025). Monthly inflation rate of housing, water, electricity and fuels Argentina 2018-2025 [Dataset]. https://www.statista.com/topics/10637/inflation-in-argentina/
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    Dataset updated
    Mar 12, 2025
    Dataset provided by
    Statistahttp://statista.com/
    Authors
    Jose Sanchez
    Description

    The Consumer Price Index (CPI) of housing, water, electricity, gas and other fuels in Argentina in January 2025 was 217.7 percent higher than the one registered the same month of the previous year. Year-on-year variation of prices of housing, water, electricity, and fuels has been experiencing an upward trend since September 2020. The overall inflation rate in Argentina presented a similar development since the second half of 2020.

  18. Inflation rate of Iran 2030

    • statista.com
    • thefarmdosupply.com
    • +1more
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    Statista, Inflation rate of Iran 2030 [Dataset]. https://www.statista.com/statistics/294320/iran-inflation-rate/
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    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Iran
    Description

    Iran’s inflation rate rose sharply to 34.79 percent in 2019 and was projected to rise another 14 percentage points before slowly starting to decline. Given the recent sanctions by the United States regarding the nuclear deal, this number has both political and economic implications. Political implications President Hassan Rouhani won the 2017 election based on economic promises, many stemming from the Joint Comprehensive Plan of Action (JCPOA), commonly known as the Iran Nuclear Deal. Lifting these sanctions opened the Iranian economy to many opportunities, including the chance to benefit from increased oil exports. The JCPOA was an integral part of the Rouhani campaign, so any economic hardship that is linked to the deal will likely be blamed on the president. Economic implications High inflation leads to high interest rates, which leads to less borrowing. Less borrowing means less investment, which slows economic growth. This slower growth often leads to higher inflation, which is what economists call an inflationary spiral. As such, Iran will have difficulty achieving substantial GDP growth until inflation returns to manageable rates.

  19. U

    United States US: Inflation: GDP Deflator: Linked Series

    • ceicdata.com
    Updated Feb 15, 2025
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    CEICdata.com (2025). United States US: Inflation: GDP Deflator: Linked Series [Dataset]. https://www.ceicdata.com/ja/united-states/inflation/us-inflation-gdp-deflator-linked-series
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    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
    Dec 1, 2005 - Dec 1, 2016
    Area covered
    United States
    Variables measured
    Consumer Prices
    Description

    United States US: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data was reported at 1.799 % in 2017. This records an increase from the previous number of 1.276 % for 2016. United States US: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data is updated yearly, averaging 1.978 % from Dec 1990 (Median) to 2017, with 28 observations. The data reached an all-time high of 3.699 % in 1990 and a record low of 0.759 % in 2009. United States US: 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 United States – Table US.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.; ;

  20. Inflation rate in Egypt 2030

    • statista.com
    • tokrwards.com
    • +1more
    Updated May 5, 2019
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    Statista (2019). Inflation rate in Egypt 2030 [Dataset]. https://www.statista.com/statistics/377354/inflation-rate-in-egypt/
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    Dataset updated
    May 5, 2019
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Egypt
    Description

    In 2018, the average inflation rate in Egypt amounted to about 20.85 percent, a slight decrease compared to the previous year, when it peaked at 23.53 percent. Political unrestEgypt has been shaken by political unrest and turmoil for years now, and these events affect the economy as well. On January 25, 2011, Egyptians started protesting police brutality under then-president Hosni Mubarak, demanding an end to his reign. The protests were met with violence by armed forces, resulting in more unrest and looting. In the end, hundreds of Egyptians had lost their lives and over 6,000 were injured. After Mubarak’s subsequent resignation and the Muslim Brotherhood taking power in the country, Mohamed Morsi was elected President in 2012. He also was overthrown a year later after protests and was imprisoned. The current President, Abdel Fattah es-Sisi, was involved in overthrowing Morsi and took office in June 2014. Sisi introduced a number of economic reforms, but they did not succeed in stabilizing Egypt’s economy. Economic unrest 2017 saw the Egyptian inflation rate skyrocket from 10.2 percent in 2016 to more than double that at 23.5 percent. Ever since, inflation has recovered only slowly, although projections today see it levelling off below ten percent in the future. Around the same year, Egypt’s GDP dropped to below 240 billion U.S. dollars, a historical low. Unemployment, another key indicator, has steadily been between 12 to 13 percent - one reason for this is Egypt’s reliance on agriculture, which does not factor into the unemployment rate. National debt has also increased dramatically over the last few years. All in all, the times of economic unrest are not yet over.

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Abigail Tierney (2024). U.S. projected annual inflation rate 2010-2029 [Dataset]. https://tokrwards.com/?_=%2Ftopics%2F774%2Finflation%2F%23D%2FIbH0PhabzN99vNwgDeng71Gw4euCn%2B
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U.S. projected annual inflation rate 2010-2029

Explore at:
Dataset updated
Oct 1, 2024
Dataset provided by
Statistahttp://statista.com/
Authors
Abigail Tierney
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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