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 .

Inflation Rate in Norway decreased to 2.50 percent in April from 2.60 percent in March of 2025. This dataset provides - Norway Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

India inflation rate for 2023 was 5.65%, a 1.05% decline from 2022.

<ul style='margin-top:20px;'>

<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>
<li>India inflation rate for 2020 was <strong>6.62%</strong>, a <strong>2.89% increase</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.

The annual monthly inflation rate in the Organization for Economic Co-Operation and Development (OECD) increased steadily from February 2021 to October 2022, when the inflation rate reached 10.7 percent compared to the same month the previous year. However, it has been slowing slightly since, dropping to 5.4 percent as of July 2024. The world saw rising inflation through 2022 and 2023, driven by an aftermath of the COVID-19 pandemic and further spurred by Russia's invasion of Ukraine in February 2022.

Inflation Rate in Portugal increased to 2.30 percent in May from 2.10 percent in April of 2025. This dataset provides - Portugal Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Interactive chart showing the annual rate of inflation in the United States as measured by the Consumer Price Index back to 1914.

In November 2024, the inflation rate in Turkey corresponded to 47.1 percent. The monthly inflation rate in Turkey reached 85.51 percent in October 2022, the highest inflation rate recorded during the provided time interval. In June 2023, the year-on-year change in the Consumer Price Index (CPI) was recorded at 38.21 percent, the lowest since January 2022. Since the second half of 2019, Turkey’s inflation rate has consistently been in double digits, with inflation accelerating at the fastest rate in 2022. High production costs In Turkey, domestic producer price indices have been continuously rising, which has directly resulted in a price increase in all consumer goods and services. Accordingly, the Consumer Price Index (CPI) in all commodity groups increased extremely since 2022. In the same year, the food and non-alcoholic beverages category had one of the highest inflation rates in the CPI. This particularly affected Turkish consumers, as these products accounted for the highest share of household expenditure in 2023. Soaring food prices Since 2020, food prices have increased significantly around the world, and Turkey is no exception. Although inflation has started to slow down recently, food prices in Turkey continue to go up steadily, increasing by 48.6 percent in November 2024 compared to the same month in the previous year. It is not surprising that food inflation has not simmered down, as the producer price index (PPI) of agricultural products followed a constant increasing trend in the country over the past few years.

U.K. inflation rate for 2024 was 3.27%, a 3.52% decline from 2023.

<ul style='margin-top:20px;'>

<li>U.K. inflation rate for 2023 was <strong>6.79%</strong>, a <strong>1.13% decline</strong> from 2022.</li>
<li>U.K. inflation rate for 2022 was <strong>7.92%</strong>, a <strong>5.4% increase</strong> from 2021.</li>
<li>U.K. inflation rate for 2021 was <strong>2.52%</strong>, a <strong>1.53% increase</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.

Australia inflation rate for 2023 was 5.60%, a 1% decline from 2022.

<ul style='margin-top:20px;'>

<li>Australia inflation rate for 2022 was <strong>6.59%</strong>, a <strong>3.73% increase</strong> from 2021.</li>
<li>Australia inflation rate for 2021 was <strong>2.86%</strong>, a <strong>2.02% increase</strong> from 2020.</li>
<li>Australia inflation rate for 2020 was <strong>0.85%</strong>, a <strong>0.76% 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.

Hong Kong inflation rate for 2024 was 1.73%, a 0.37% decline from 2023.

<ul style='margin-top:20px;'>

<li>Hong Kong inflation rate for 2023 was <strong>2.10%</strong>, a <strong>0.22% increase</strong> from 2022.</li>
<li>Hong Kong inflation rate for 2022 was <strong>1.88%</strong>, a <strong>0.31% increase</strong> from 2021.</li>
<li>Hong Kong inflation rate for 2021 was <strong>1.57%</strong>, a <strong>1.32% increase</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.

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.

Ireland inflation rate for 2023 was 6.30%, a 1.53% decline from 2022.

<ul style='margin-top:20px;'>

<li>Ireland inflation rate for 2022 was <strong>7.83%</strong>, a <strong>5.49% increase</strong> from 2021.</li>
<li>Ireland inflation rate for 2021 was <strong>2.34%</strong>, a <strong>2.67% increase</strong> from 2020.</li>
<li>Ireland inflation rate for 2020 was <strong>-0.33%</strong>, a <strong>1.26% 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.

In December 2024, the year-on-year change in consumer prices was 0.69 percent in Finland. From onwards January 2021, the CPI is on a steady rise, peaking at 9.13 percent in December 2022. Since January 2023, the CPI is declining. Inflation or currency devaluation (drop in the real value of money), is characterized by a rise in the prices of finished products (consumer goods, capital goods). Vice versa, deflation or currency appreciation refers to an increase in the real value of money, allowing the buyer to purchase more goods and services with the same amount of money. Moreover, the consumer price index tracks price trends of private consumption expenditure.

Graph and download economic data for 5-Year Breakeven Inflation Rate (T5YIE) from 2003-01-02 to 2025-06-06 about spread, interest rate, interest, 5-year, inflation, rate, and USA.

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.

Greece inflation rate for 2024 was 2.74%, a 0.72% decline from 2023.

<ul style='margin-top:20px;'>

<li>Greece inflation rate for 2023 was <strong>3.46%</strong>, a <strong>6.18% decline</strong> from 2022.</li>
<li>Greece inflation rate for 2022 was <strong>9.65%</strong>, a <strong>8.42% increase</strong> from 2021.</li>
<li>Greece inflation rate for 2021 was <strong>1.22%</strong>, a <strong>2.47% increase</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.

Sweden inflation rate for 2024 was 2.84%, a 5.71% decline from 2023.

<ul style='margin-top:20px;'>

<li>Sweden inflation rate for 2023 was <strong>8.55%</strong>, a <strong>0.18% increase</strong> from 2022.</li>
<li>Sweden inflation rate for 2022 was <strong>8.37%</strong>, a <strong>6.21% increase</strong> from 2021.</li>
<li>Sweden inflation rate for 2021 was <strong>2.16%</strong>, a <strong>1.67% increase</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.

Inflation Rate in South Korea decreased to 1.90 percent in May from 2.10 percent in April of 2025. This dataset provides the latest reported value for - South Korea Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for 10-Year Expected Inflation (EXPINF10YR) from Jan 1982 to May 2025 about projection, 10-year, inflation, and USA.

Georgia inflation rate for 2023 was 2.49%, a 9.41% decline from 2022.

<ul style='margin-top:20px;'>

<li>Georgia inflation rate for 2022 was <strong>11.90%</strong>, a <strong>2.33% increase</strong> from 2021.</li>
<li>Georgia inflation rate for 2021 was <strong>9.57%</strong>, a <strong>4.36% increase</strong> from 2020.</li>
<li>Georgia inflation rate for 2020 was <strong>5.20%</strong>, a <strong>0.35% increase</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.