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

    United States Core Inflation Rate MoM

    • tradingeconomics.com
    • jp.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Jul 15, 2025
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    TRADING ECONOMICS (2025). United States Core Inflation Rate MoM [Dataset]. https://tradingeconomics.com/united-states/core-inflation-rate-mom
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    excel, csv, json, xmlAvailable download formats
    Dataset updated
    Jul 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
    Feb 28, 1957 - Jun 30, 2025
    Area covered
    United States
    Description

    Core Inflation Rate MoM in the United States increased to 0.20 percent in June from 0.10 percent in May of 2025. This dataset includes a chart with historical data for the United States Core Inflation Rate MoM.

  3. Consumer price inflation consumption segment indices and price quotes

    • ons.gov.uk
    • cy.ons.gov.uk
    csv
    Updated Jul 16, 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
    Jul 16, 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. Inflation Expectations

    • clevelandfed.org
    csv
    Updated Feb 1, 2020
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    Federal Reserve Bank of Cleveland (2020). Inflation Expectations [Dataset]. https://www.clevelandfed.org/indicators-and-data/inflation-expectations
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    csvAvailable download formats
    Dataset updated
    Feb 1, 2020
    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

    We report average expected inflation rates over the next one through 30 years. Our estimates of expected inflation rates are calculated using a Federal Reserve Bank of Cleveland model that combines financial data and survey-based measures. Released monthly.

  5. U.S. monthly change in chained inflation 2024-2024

    • ai-chatbox.pro
    • statista.com
    Updated Jan 14, 2025
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    Statista (2025). U.S. monthly change in chained inflation 2024-2024 [Dataset]. https://www.ai-chatbox.pro/?_=%2Fstatistics%2F191121%2Fmonthly-chained-inflation-rate-in-the-us%2F%23XgboD02vawLKoDs%2BT%2BQLIV8B6B4Q9itA
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    Dataset updated
    Jan 14, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Nov 2024
    Area covered
    United States
    Description

    In November 2024, the chained consumer price index for all urban consumers (C-CPI-U) in the United States decreased by 0.1 percent from the preceding month. The data represents U.S. city averages. The base period was January 1999=100. The chain weighted CPI incorporates the average changes in the quantity of goods purchased, along with standard pricing effects. This allows the chain weighted CPI to reflect situations where customers shift the weight of their purchases from one area of spending to another. A projection of the annual inflation rate of the country can be accessed here and the actual annual inflation rate since 1990 can be accessed here.

  6. F

    5-Year Expected Inflation

    • fred.stlouisfed.org
    json
    Updated Jul 15, 2025
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    (2025). 5-Year Expected Inflation [Dataset]. https://fred.stlouisfed.org/series/EXPINF5YR
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Jul 15, 2025
    License

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

    Description

    Graph and download economic data for 5-Year Expected Inflation (EXPINF5YR) from Jan 1982 to Jul 2025 about projection, 5-year, inflation, and USA.

  7. Replication dataset and calculations for PIIE WP 24-23 Labor market...

    • piie.com
    Updated Dec 17, 2024
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    Justin Bloesch (2024). Replication dataset and calculations for PIIE WP 24-23 Labor market tightness and inflation before and after the COVID-19 pandemic by Justin Bloesch (2024). [Dataset]. https://www.piie.com/publications/working-papers/2024/labor-market-tightness-and-inflation-and-after-covid-19-pandemic
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    Dataset updated
    Dec 17, 2024
    Dataset provided by
    Peterson Institute for International Economicshttp://www.piie.com/
    Authors
    Justin Bloesch
    Description

    This data package includes the underlying data to replicate the charts, tables, and calculations presented in Labor market tightness and inflation before and after the COVID-19 pandemic, PIIE Working Paper 24-23.

    If you use the data, please cite as:

    Bloesch, Justin. 2024. Labor market tightness and inflation before and after the COVID-19 pandemic. PIIE Working Paper 24-23. Washington: Peterson Institute for International Economics.

  8. Inflation Nowcasting Monthly Month-Over-Month

    • clevelandfed.org
    Updated Mar 10, 2017
    + more versions
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    Federal Reserve Bank of Cleveland (2017). Inflation Nowcasting Monthly Month-Over-Month [Dataset]. https://www.clevelandfed.org/indicators-and-data/inflation-nowcasting
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    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

    Inflation Nowcasting Monthly Month-Over-Month is a part of the Inflation Nowcasting indicator of the Federal Reserve Bank of Cleveland.

  9. Consumer Prices Index including owner occupiers' housing costs (CPIH)...

    • ons.gov.uk
    • cy.ons.gov.uk
    xls
    Updated Dec 14, 2018
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    Office for National Statistics (2018). Consumer Prices Index including owner occupiers' housing costs (CPIH) historical series [Dataset]. https://www.ons.gov.uk/economy/inflationandpriceindices/datasets/consumerpricesindexincludingowneroccupiershousingcostscpihhistoricalseries
    Explore at:
    xlsAvailable download formats
    Dataset updated
    Dec 14, 2018
    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

    Historical class-level data for the Consumer Prices Index including owner occupiers' housing costs (CPIH), which extends the series back to 1988. Index values for 1988 to 2004, and annual growth rates for 1989 to 2005 are provided for indicative purposes only and do not form part of the National Statistic series.

  10. 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
    Explore at:
    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.

  11. Average inflation rate in Panama 1980 to 2030

    • ai-chatbox.pro
    Updated Jul 16, 2024
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    Aaron O'Neill (2024). Average inflation rate in Panama 1980 to 2030 [Dataset]. https://www.ai-chatbox.pro/?_=%2Ftopics%2F3287%2Flatin-america%2F%23XgboDwS6a1rKoGJjSPEePEUG%2FVFd%2Bik%3D
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    Dataset updated
    Jul 16, 2024
    Dataset provided by
    Statistahttp://statista.com/
    Authors
    Aaron O'Neill
    Description

    The here depicted average inflation rate in Panama amounts to approximately 0.53 percent in 2025.Fluctuating decline between 1980 and 2025Between 1980 and 2025 a total decrease by approximately 13.28 percentage points can be observed. This decrease however did not happen continuously.Fluctuating rise between 2025 and 2030The inflation will amount to roughly 2 percent in 2030, according to forecasts. This indicates an overall increase by approximately 1.47 percentage points since 2025.This indicator measures inflation based upon the year on year change in the average consumer price index. The latter expresses a country's average level of prices based on a typical basket of consumer goods and services. The values shown here refer to the year-on-year change in this index measure, expressed in percent.

  12. Average inflation rate in Uganda 1980 to 2030

    • ai-chatbox.pro
    Updated Jun 4, 2025
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    Aaron O'Neill (2025). Average inflation rate in Uganda 1980 to 2030 [Dataset]. https://www.ai-chatbox.pro/?_=%2Fstudy%2F55201%2Fuganda%2F%23XgboD02vawLYpGJjSPEePEUG%2FVFd%2Bik%3D
    Explore at:
    Dataset updated
    Jun 4, 2025
    Dataset provided by
    Statistahttp://statista.com/
    Authors
    Aaron O'Neill
    Area covered
    Uganda
    Description

    The here depicted average inflation rate in Uganda amounts to approximately 4.22 percent in 2025.Fluctuating decline between 1980 and 2025Between 1980 and 2025 a total decrease by approximately 94.98 percentage points can be observed. The data emphasizes however that this decrease did not happen continuously.Fluctuating rise between 2025 and 2030The inflation will stand at close to 5 percent in 2030, according to forecasts. Compared to 2025 this is an overall increase by approximately 0.78 percentage points.This indicator measures inflation based upon the year on year change in the average consumer price index. The latter expresses a country's average level of prices based on a typical basket of consumer goods and services. The values shown here refer to the year-on-year change in this index measure, expressed in percent.

  13. U.S. white full-time wage workers inflation adjusted earnings 1979-2023

    • statista.com
    Updated Jan 14, 2025
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    Statista (2025). U.S. white full-time wage workers inflation adjusted earnings 1979-2023 [Dataset]. https://www.statista.com/statistics/185294/median-weekly-earnings-of-white-full-time-wage-and-salary-workers/
    Explore at:
    Dataset updated
    Jan 14, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    In 2023, the median usual weekly earnings of a white full-time employee in the United States amounted to 1,138 U.S. dollars. Dollar value is based on 2023 U.S. dollars. Unadjusted median wages for white workers in the U.S. can be found here.

  14. U.S. inflation adjusted wages Black and African Americans 1979-2023

    • statista.com
    Updated Jan 14, 2025
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    Statista (2025). U.S. inflation adjusted wages Black and African Americans 1979-2023 [Dataset]. https://www.statista.com/statistics/185303/median-weekly-earnings-of-african-american-full-time-wage-and-salary-workers/
    Explore at:
    Dataset updated
    Jan 14, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    In 2023, the median usual weekly earnings of an African American full-time employee in the United States amounted to 920 U.S. dollars. Dollar value is based on 2023 U.S. dollars. In 1979, the median weekly earnings of African American full-time employees was 783 constant 2023 U.S. dollars. Median weekly earnings of Black and African Americans not adjusted for inflation can be found here.

  15. Producer price inflation (MM22)

    • ons.gov.uk
    • cy.ons.gov.uk
    xlsx
    Updated Feb 19, 2025
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    Office for National Statistics (2025). Producer price inflation (MM22) [Dataset]. https://www.ons.gov.uk/economy/inflationandpriceindices/datasets/mm22producerpriceindices
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    xlsxAvailable download formats
    Dataset updated
    Feb 19, 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

    UK price index data at manufacturing, aggregated industry and product group levels. Data supplied from individual manufacturers, importers and exporters. Monthly and annual data.

  16. F

    5-Year Breakeven Inflation Rate

    • fred.stlouisfed.org
    json
    Updated Jul 29, 2025
    + more versions
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    (2025). 5-Year Breakeven Inflation Rate [Dataset]. https://fred.stlouisfed.org/series/T5YIE
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Jul 29, 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 2025-07-29 about spread, interest rate, interest, 5-year, inflation, rate, and USA.

  17. N

    Imperial, CA Median Household Income Trends (2010-2023, in 2023...

    • neilsberg.com
    csv, json
    Updated Mar 3, 2025
    + more versions
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    Neilsberg Research (2025). Imperial, CA Median Household Income Trends (2010-2023, in 2023 inflation-adjusted dollars) [Dataset]. https://www.neilsberg.com/insights/imperial-ca-median-household-income/
    Explore at:
    csv, jsonAvailable download formats
    Dataset updated
    Mar 3, 2025
    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
    Imperial, California
    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) 2019-2023 5-Year Estimates. It presents the median household income from the years 2010 to 2023 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 Imperial, spanning the years from 2010 to 2023, with all figures adjusted to 2023 inflation-adjusted dollars. Based on the latest 2019-2023 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 2023, the median household income for Imperial increased by $6,480 (8.44%), as per the American Community Survey estimates. In comparison, median household income for the United States increased by $5,602 (7.68%) between 2010 and 2023.

    Analyzing the trend in median household income between the years 2010 and 2023, spanning 13 annual cycles, we observed that median household income, when adjusted for 2023 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS), experienced growth year by year for 6 years and declined for 7 years.

    Content

    When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 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, 2022, 0223

    Variables / Data Columns

    • Year: This column presents the data year from 2010 to 2023
    • Median Household Income: Median household income, in 2023 inflation-adjusted dollars for the specific year
    • YOY Change($): Change in median household income between the current and the previous year, in 2023 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 Imperial median household income. You can refer the same here

  18. Inflation rate in Mexico 2030

    • statista.com
    • ai-chatbox.pro
    Updated May 21, 2025
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    Statista (2025). Inflation rate in Mexico 2030 [Dataset]. https://www.statista.com/statistics/275414/inflation-rate-in-mexico/
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    Dataset updated
    May 21, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Mexico
    Description

    The statistic depicts the average inflation rate in Mexico from 1987 to 2024, with projections up until 2030. The inflation rate measures price changes for a fixed basket of goods which includes a representative selection of goods and services. In 2024, Mexico's average inflation rate was around 4.72 percent compared to the previous year. Mexico’s economy Mexico’s gross domestic product (GDP) has been increasing slightly over the last decade, however, its national debt still amounts to almost half of its GDP. The majority of Mexico’s GDP is yielded by the services sector, as a look at the distribution of gross domestic product in Mexico by sector shows. More than 60 percent of GDP are generated in this sector; the majority of the Mexican workforce is employed in services. One important contributor to Mexico’s GDP is tourism. The total unemployment rate in Mexico took a turn for the worse during the recession of 2008 and is still to bounce back to previous levels. Mexico’s main export and import partner is the United States which accounts for approximately half of the value of both. Thus, the trade balance of goods in Mexico, showing the value of exports minus the value of imports, is heavily dependant on the United States. For the past decade, Mexico’s trade balance has run at a deficit of more than 10 billion US dollars. The trade balance of services sector in Mexico has also been in the red with a deficit of more than 6 percent since the recession and higher than 9 percent since 2011. Mexico is also one of the largest drug exporting countries worldwide. Specific trade figures are not available, however, Mexico is among the top countries for opium cultivation based on acreage, and thousands of illegal poppy fields, processed into opium, have been destroyed in Mexico year after year.

  19. T

    Canada Inflation Rate

    • tradingeconomics.com
    • es.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Jul 15, 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
    Jul 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
    Jan 31, 1915 - Jun 30, 2025
    Area covered
    Canada
    Description

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

  20. T

    Philippines Inflation Rate

    • tradingeconomics.com
    • pl.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Jul 4, 2025
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    TRADING ECONOMICS (2025). Philippines Inflation Rate [Dataset]. https://tradingeconomics.com/philippines/inflation-cpi
    Explore at:
    excel, csv, json, xmlAvailable download formats
    Dataset updated
    Jul 4, 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, 1958 - Jun 30, 2025
    Area covered
    Philippines
    Description

    Inflation Rate in Philippines increased to 1.40 percent in June from 1.30 percent in May of 2025. This dataset provides the latest reported value for - Philippines Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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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:
48 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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