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. T

    Indonesia Inflation Rate

    • tradingeconomics.com
    • ko.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Jul 1, 2025
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    TRADING ECONOMICS (2025). Indonesia Inflation Rate [Dataset]. https://tradingeconomics.com/indonesia/inflation-cpi
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    csv, json, excel, xmlAvailable download formats
    Dataset updated
    Jul 1, 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
    Nov 30, 1997 - Jun 30, 2025
    Area covered
    Indonesia
    Description

    Inflation Rate in Indonesia increased to 1.87 percent in June from 1.60 percent in May of 2025. This dataset provides - Indonesia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

  3. Replication dataset for PIIE PB 24-2, The Inflation Surge in Europe by...

    • piie.com
    Updated May 25, 2024
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    Patrick Honohan (2024). Replication dataset for PIIE PB 24-2, The Inflation Surge in Europe by Patrick Honohan (2024). [Dataset]. https://www.piie.com/publications/policy-briefs/2024/inflation-surge-europe
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    Dataset updated
    May 25, 2024
    Dataset provided by
    Peterson Institute for International Economicshttp://www.piie.com/
    Authors
    Patrick Honohan
    Area covered
    Europe
    Description

    This data package includes the underlying data files to replicate the data and charts presented in The Inflation Surge in Europe by Patrick Honohan, PIIE Policy Brief 24-2.

    If you use the data, please cite as: Honohan, Patrick. 2024. The Inflation Surge in Europe. PIIE Policy Brief 24-2. Washington, DC: Peterson Institute for International Economics.

  4. 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.
    
  5. United States SCE: Distribution of 3 Year Ahead Expected Inflation Rate: 2%...

    • ceicdata.com
    + more versions
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    CEICdata.com, United States SCE: Distribution of 3 Year Ahead Expected Inflation Rate: 2% to 3% [Dataset]. https://www.ceicdata.com/en/united-states/survey-of-consumer-expectations-inflation/sce-distribution-of-3-year-ahead-expected-inflation-rate-2-to-3
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    Dataset provided by
    CEIC Data
    License

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

    Time period covered
    Mar 1, 2024 - Feb 1, 2025
    Area covered
    United States
    Description

    United States SCE: Distribution of 3 Year Ahead Expected Inflation Rate: 2% to 3% data was reported at 9.557 % in Apr 2025. This records a decrease from the previous number of 10.539 % for Mar 2025. United States SCE: Distribution of 3 Year Ahead Expected Inflation Rate: 2% to 3% data is updated monthly, averaging 14.686 % from Jun 2013 (Median) to Apr 2025, with 143 observations. The data reached an all-time high of 19.093 % in Feb 2019 and a record low of 5.134 % in May 2022. United States SCE: Distribution of 3 Year Ahead Expected Inflation Rate: 2% to 3% data remains active status in CEIC and is reported by Federal Reserve Bank of New York. The data is categorized under Global Database’s United States – Table US.H078: Survey of Consumer Expectations: Inflation.

  6. 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
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    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.

  7. F

    5-Year Breakeven Inflation Rate

    • fred.stlouisfed.org
    json
    Updated Jul 11, 2025
    + more versions
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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
    Jul 11, 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 2025-07-11 about spread, interest rate, interest, 5-year, inflation, rate, and USA.

  8. Inflation rate in Ireland 2019-2025

    • statista.com
    • ai-chatbox.pro
    Updated Jul 10, 2025
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    Statista (2025). Inflation rate in Ireland 2019-2025 [Dataset]. https://www.statista.com/statistics/1346108/ireland-inflation-rate/
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    Dataset updated
    Jul 10, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jan 2019 - Jun 2025
    Area covered
    Ireland, Ireland
    Description

    The inflation rate for the Republic of Ireland in June 2025 was *** percent, down from ****percent in the previous month. During the provided time period, inflation reached a peak of *** percent in October 2022 and was at its lowest in October 2020, when prices were falling by *** percent. In the most recent month, the sector that had the fastest rate of price rises was food, at **** percent, while prices were falling by *** percent for transportation. Inflation subsides but remains a key issue Like in many other economies, the global inflation crisis led to increased inflation in Ireland from 2021 to 2023, reaching a peak of *** percent in late 2022. As of October 2024, approximately ** percent of people in Ireland still saw inflation as one of the top two most important issues facing the country, down from ** percent in July 2022. Furthermore, inflation was second only to housing as a top issue in the country, ahead of health, immigration, and climate change. Another survey highlights the fact that despite inflation subsiding, people are still struggling with the cost of living. When asked how well they are coping financially, just ****** percent of respondents advised they were living comfortably, with ** percent just getting by and almost a quarter finding it quite or very difficult. Key economic indicators of Ireland Ireland's overall gross domestic product (GDP) in 2024 was estimated to be over ***** billion U.S. dollars, up from ***** billion dollars in 2023. Due to the presence of several multinational companies in the country, however, Ireland's GDP figure can be misleading. In 2022, for example, while overall GDP was ***** billion Euros, gross national income (GNI) was just ***** billion Euros, with modified GNI even lower at ***** billion Euros. Looking at Ireland's labor market, there were around **** million people employed in the country in 2024, while the unemployment rate has, as of early 2025, fluctuated between **** and *** percent since April 2022.

  9. T

    Poland Inflation Rate

    • tradingeconomics.com
    • pl.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Jun 13, 2025
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    TRADING ECONOMICS (2025). Poland Inflation Rate [Dataset]. https://tradingeconomics.com/poland/inflation-cpi
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    excel, xml, csv, jsonAvailable download formats
    Dataset updated
    Jun 13, 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, 1992 - Jun 30, 2025
    Area covered
    Poland
    Description

    Inflation Rate in Poland increased to 4.10 percent in June from 4 percent in May of 2025. This dataset provides the latest reported value for - Poland Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

  10. A

    ‘Inflation and Unemployment’ analyzed by Analyst-2

    • analyst-2.ai
    Updated Sep 30, 2021
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    Analyst-2 (analyst-2.ai) / Inspirient GmbH (inspirient.com) (2021). ‘Inflation and Unemployment’ analyzed by Analyst-2 [Dataset]. https://analyst-2.ai/analysis/kaggle-inflation-and-unemployment-4847/09bcb007/?iid=043-925&v=presentation
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    Dataset updated
    Sep 30, 2021
    Dataset authored and provided by
    Analyst-2 (analyst-2.ai) / Inspirient GmbH (inspirient.com)
    License

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

    Description

    Analysis of ‘Inflation and Unemployment’ provided by Analyst-2 (analyst-2.ai), based on source dataset retrieved from https://www.kaggle.com/harisonmwangi/inflation-and-unemployment on 30 September 2021.

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

    Context

    Annual data on inflation and unemployment for countries and regions in the world.

    Content

    Annual data on inflation and unemployment for countries and regions in the world. Retrieved from World Development Indicators data bank.

    Inspiration

    The main aim of the data is to explore the relationship between inflation and unemployment rates. Does the Phillips curve in economics still exist, or is it some spurious correlation of data in the '60s?

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

  11. T

    Taiwan Inflation Rate

    • tradingeconomics.com
    • pt.tradingeconomics.com
    • +13more
    csv, excel, json, xml
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    TRADING ECONOMICS, Taiwan Inflation Rate [Dataset]. https://tradingeconomics.com/taiwan/inflation-cpi
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    json, xml, excel, 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, 1960 - Jun 30, 2025
    Area covered
    Taiwan
    Description

    Inflation Rate in Taiwan decreased to 1.37 percent in June from 1.55 percent in May of 2025. This dataset provides the latest reported value for - Taiwan Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

  12. South Korea Consumer Survey Index: Expected Inflation: 2 to 3%

    • ceicdata.com
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    CEICdata.com, South Korea Consumer Survey Index: Expected Inflation: 2 to 3% [Dataset]. https://www.ceicdata.com/en/korea/consumer-survey-index-the-bank-of-korea-expected-inflation/consumer-survey-index-expected-inflation-2-to-3
    Explore at:
    Dataset provided by
    CEIC Data
    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
    South Korea
    Variables measured
    Consumer Survey
    Description

    Korea Consumer Survey Index: Expected Inflation: 2 to 3% data was reported at 31.600 Point in Oct 2018. This records an increase from the previous number of 29.700 Point for Sep 2018. Korea Consumer Survey Index: Expected Inflation: 2 to 3% data is updated monthly, averaging 28.600 Point from Jan 2013 (Median) to Oct 2018, with 70 observations. The data reached an all-time high of 33.300 Point in Sep 2013 and a record low of 25.100 Point in Feb 2013. Korea Consumer Survey Index: Expected Inflation: 2 to 3% data remains active status in CEIC and is reported by The Bank of Korea. The data is categorized under Global Database’s Korea – Table KR.H031: Consumer Survey Index: The Bank of Korea: Expected Inflation.

  13. 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.

  14. Average inflation rate in the United Kingdom 1980-2030

    • statista.com
    • ai-chatbox.pro
    Updated Jun 18, 2025
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    Statista (2025). Average inflation rate in the United Kingdom 1980-2030 [Dataset]. https://www.statista.com/statistics/270384/inflation-rate-in-the-united-kingdom/
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    Dataset updated
    Jun 18, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United Kingdom
    Description

    In 2024, the average inflation rate in the United Kingdom was approximately 2.53 percent. Between 1980 and 2024, the figure dropped by around 14.32 percentage points, though the decline followed an uneven course rather than a steady trajectory. The inflation is forecast to decline by about 0.53 percentage points from 2024 to 2030, fluctuating as it trends downward.This indicator measures inflation based upon the year-on-year change in the average consumer price index, expressed in percent. The latter expresses a country's average level of prices based on a typical basket of consumer goods and services.

  15. Average inflation rate in Hong Kong 1980-2030

    • statista.com
    Updated Jun 18, 2025
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    Statista (2025). Average inflation rate in Hong Kong 1980-2030 [Dataset]. https://www.statista.com/statistics/1365695/inflation-rate-in-hong-kong/
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    Dataset updated
    Jun 18, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Hong Kong
    Description

    In 2024, the average inflation rate in Hong Kong amounted to about 1.73 percent. Between 1980 and 2024, the figure dropped by approximately 2.71 percentage points, though the decline followed an uneven course rather than a steady trajectory. From 2024 to 2030, the inflation will rise by around 0.77 percentage points, showing an overall upward trend with periodic ups and downs.This indicator measures inflation based upon the year-on-year change in the average consumer price index, expressed in percent. The latter expresses a country's average level of prices based on a typical basket of consumer goods and services.

  16. T

    Australia Inflation Rate

    • tradingeconomics.com
    • jp.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated May 15, 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
    May 15, 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 - Mar 31, 2025
    Area covered
    Australia
    Description

    Inflation Rate in Australia remained unchanged at 2.40 percent in the first quarter of 2025 from 2.40 percent in the fourth quarter of 2024. 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.

  17. United States SCE: Distribution of 3 Year Ahead Expected Inflation Rate: 1%...

    • ceicdata.com
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    CEICdata.com, United States SCE: Distribution of 3 Year Ahead Expected Inflation Rate: 1% to 2% [Dataset]. https://www.ceicdata.com/en/united-states/survey-of-consumer-expectations-inflation
    Explore at:
    Dataset provided by
    CEIC Data
    License

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

    Time period covered
    Mar 1, 2024 - Feb 1, 2025
    Area covered
    United States
    Description

    SCE: Distribution of 3 Year Ahead Expected Inflation Rate: 1% to 2% data was reported at 6.039 % in Apr 2025. This records a decrease from the previous number of 7.658 % for Mar 2025. SCE: Distribution of 3 Year Ahead Expected Inflation Rate: 1% to 2% data is updated monthly, averaging 12.424 % from Jun 2013 (Median) to Apr 2025, with 143 observations. The data reached an all-time high of 18.684 % in Aug 2019 and a record low of 5.037 % in Feb 2022. SCE: Distribution of 3 Year Ahead Expected Inflation Rate: 1% to 2% data remains active status in CEIC and is reported by Federal Reserve Bank of New York. The data is categorized under Global Database’s United States – Table US.H078: Survey of Consumer Expectations: Inflation.

  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. United States SCE: Distribution of 1 Year Ahead Expected Inflation Rate: 2%...

    • ceicdata.com
    Updated Feb 15, 2025
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    CEICdata.com (2025). United States SCE: Distribution of 1 Year Ahead Expected Inflation Rate: 2% to 3% [Dataset]. https://www.ceicdata.com/en/united-states/survey-of-consumer-expectations-inflation/sce-distribution-of-1-year-ahead-expected-inflation-rate-2-to-3
    Explore at:
    Dataset updated
    Feb 15, 2025
    Dataset provided by
    CEIC Data
    License

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

    Time period covered
    Mar 1, 2024 - Feb 1, 2025
    Area covered
    United States
    Description

    United States SCE: Distribution of 1 Year Ahead Expected Inflation Rate: 2% to 3% data was reported at 8.759 % in Apr 2025. This records a decrease from the previous number of 9.716 % for Mar 2025. United States SCE: Distribution of 1 Year Ahead Expected Inflation Rate: 2% to 3% data is updated monthly, averaging 15.643 % from Jun 2013 (Median) to Apr 2025, with 143 observations. The data reached an all-time high of 21.806 % in May 2019 and a record low of 3.150 % in May 2022. United States SCE: Distribution of 1 Year Ahead Expected Inflation Rate: 2% to 3% data remains active status in CEIC and is reported by Federal Reserve Bank of New York. The data is categorized under Global Database’s United States – Table US.H078: Survey of Consumer Expectations: Inflation.

  20. F

    20-Year 2-3/8% Treasury Inflation-Indexed Bond, Due 1/15/2027

    • fred.stlouisfed.org
    json
    Updated Jul 11, 2025
    + more versions
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    (2025). 20-Year 2-3/8% Treasury Inflation-Indexed Bond, Due 1/15/2027 [Dataset]. https://fred.stlouisfed.org/series/DTP20J27
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    jsonAvailable download formats
    Dataset updated
    Jul 11, 2025
    License

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

    Description

    Graph and download economic data for 20-Year 2-3/8% Treasury Inflation-Indexed Bond, Due 1/15/2027 (DTP20J27) from 2010-01-04 to 2025-07-11 about 20-year, TIPS, bonds, Treasury, interest rate, interest, real, rate, and USA.

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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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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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