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 the United States increased to 2.70 percent in June from 2.40 percent in May of 2025. This dataset provides - United States Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Inflation is generally defined as the continued increase in the average prices of goods and services in a given region. Following the extremely high global inflation experienced in the 1980s and 1990s, global inflation has been relatively stable since the turn of the millennium, usually hovering between three and five percent per year. There was a sharp increase in 2008 due to the global financial crisis now known as the Great Recession, but inflation was fairly stable throughout the 2010s, before the current inflation crisis began in 2021. Recent years Despite the economic impact of the coronavirus pandemic, the global inflation rate fell to 3.26 percent in the pandemic's first year, before rising to 4.66 percent in 2021. This increase came as the impact of supply chain delays began to take more of an effect on consumer prices, before the Russia-Ukraine war exacerbated this further. A series of compounding issues such as rising energy and food prices, fiscal instability in the wake of the pandemic, and consumer insecurity have created a new global recession, and global inflation in 2024 is estimated to have reached 5.76 percent. This is the highest annual increase in inflation since 1996. Venezuela Venezuela is the country with the highest individual inflation rate in the world, forecast at around 200 percent in 2022. While this is figure is over 100 times larger than the global average in most years, it actually marks a decrease in Venezuela's inflation rate, which had peaked at over 65,000 percent in 2018. Between 2016 and 2021, Venezuela experienced hyperinflation due to the government's excessive spending and printing of money in an attempt to curve its already-high inflation rate, and the wave of migrants that left the country resulted in one of the largest refugee crises in recent years. In addition to its economic problems, political instability and foreign sanctions pose further long-term problems for Venezuela. While hyperinflation may be coming to an end, it remains to be seen how much of an impact this will have on the economy, how living standards will change, and how many refugees may return in the coming years.

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.

Core consumer prices in the United States increased 2.90 percent in June of 2025 over the same month in the previous year. This dataset provides - United States Core Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, Zambia had the highest estimated inflation (Consumer Price Index) recorded in Southern Africa, at 15 percent. Lesotho and Zimbabwe followed with 6.4 and six percent, respectively.

Ten-Year Expected Inflation and Real and Inflation Risk Premia is a part of the Inflation Expectations indicator of the Federal Reserve Bank of Cleveland.

Fault Lines Widen in the Global Recovery

Economic prospects have diverged further across countries since the April 2021 World Economic Outlook (WEO) forecast. Vaccine access has emerged as the principal fault line along which the global recovery splits into two blocs: those that can look forward to further normalization of activity later this year (almost all advanced economies) and those that will still face resurgent infections and rising COVID death tolls. The recovery, however, is not assured even in countries where infections are currently very low so long as the virus circulates elsewhere.

The global economy is projected to grow 6.0 percent in 2021 and 4.9 percent in 2022.The 2021 global forecast is unchanged from the April 2021 WEO, but with offsetting revisions. Prospects for emerging market and developing economies have been marked down for 2021, especially for Emerging Asia. By contrast, the forecast for advanced economies is revised up. These revisions reflect pandemic developments and changes in policy support. The 0.5 percentage-point upgrade for 2022 derives largely from the forecast upgrade for advanced economies, particularly the United States, reflecting the anticipated legislation of additional fiscal support in the second half of 2021 and improved health metrics more broadly across the group.

Recent price pressures for the most part reflect unusual pandemic-related developments and transitory supply-demand mismatches. Inflation is expected to return to its pre-pandemic ranges in most countries in 2022 once these disturbances work their way through prices, though uncertainty remains high. Elevated inflation is also expected in some emerging market and developing economies, related in part to high food prices. Central banks should generally look through transitory inflation pressures and avoid tightening until there is more clarity on underlying price dynamics. Clear communication from central banks on the outlook for monetary policy will be key to shaping inflation expectations and safeguarding against premature tightening of financial conditions. There is, however, a risk that transitory pressures could become more persistent and central banks may need to take preemptive action.

Risks around the global baseline are to the downside. Slower-than-anticipated vaccine rollout would allow the virus to mutate further. Financial conditions could tighten rapidly, for instance from a reassessment of the monetary policy outlook in advanced economies if inflation expectations increase more rapidly than anticipated. A double hit to emerging market and developing economies from worsening pandemic dynamics and tighter external financial conditions would severely set back their recovery and drag global growth below this outlook’s baseline.

Multilateral action has a vital role to play in diminishing divergences and strengthening global prospects. The immediate priority is to deploy vaccines equitably worldwide. A $50 billion IMF staff proposal, jointly endorsed by the World Health Organization, World Trade Organization, and World Bank, provides clear targets and pragmatic actions at a feasible cost to end the pandemic. Financially constrained economies also need unimpeded access to international liquidity. The proposed $650 billion General Allocation of Special Drawing Rights at the IMF is set to boost reserve assets of all economies and help ease liquidity constraints. Countries also need to redouble collective efforts to reduce greenhouse gas emissions. These multilateral actions can be reinforced by national-level policies tailored to the stage of the crisis that help catalyze a sustainable, inclusive recovery. Concerted, well-directed policies can make the difference between a future of durable recoveries for all economies or one with widening fault lines—as many struggle with the health crisis while a handful see conditions normalize, albeit with the constant threat of renewed flare-ups.

Inflation Expectations in the United States decreased to 3 percent in June from 3.20 percent in May of 2025. This dataset provides - United States Consumer Inflation Expectations- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Switzerland SNB Forecast: Inflation: Conditional data was reported at 2.000 % in Jun 2021. This records an increase from the previous number of 1.700 % for Mar 2021. Switzerland SNB Forecast: Inflation: Conditional data is updated quarterly, averaging 0.700 % from Mar 2015 (Median) to Jun 2021, with 26 observations. The data reached an all-time high of 2.000 % in Jun 2021 and a record low of -1.400 % in Sep 2015. Switzerland SNB Forecast: Inflation: Conditional data remains active status in CEIC and is reported by Swiss National Bank. The data is categorized under Global Database’s Switzerland – Table CH.I010: Conditional Inflation: Forecast: Swiss National Bank. The Conditional Inflation Forecast is based on the assumption that the three-month LIBOR remains at – 0.75% over the entire forecast horizon.

CBJ Forecast: Inflation data was reported at 2.520 % in 2022. This records an increase from the previous number of 2.500 % for 2021. CBJ Forecast: Inflation data is updated yearly, averaging 2.470 % from Dec 2016 (Median) to 2022, with 7 observations. The data reached an all-time high of 3.300 % in 2017 and a record low of -0.800 % in 2016. CBJ Forecast: Inflation data remains active status in CEIC and is reported by Central Bank of Jordan. The data is categorized under Global Database’s Jordan – Table JO.I009: Inflation: Forecast: Bank of Jordan.

Inflation Rate in China increased to 0.10 percent in June from -0.10 percent in May of 2025. This dataset provides - China Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

There was a surge in consumer prices around the world in 2022 following the COVID-19 pandemic and the Russian invasion of Ukraine in February 2022. So also in Sweden, where the annual change in the consumer price index reached 8.4 percent in 2022 and 8.5 percent in 2023. It started to decline in 2024.

Qatar: Inflation forecast: The latest value from 2030 is 2.04 percent, an increase from 1.97 percent in 2029. In comparison, the world average is 3.65 percent, based on data from 182 countries. Historically, the average for Qatar from 2010 to 2030 is 1.63 percent. The minimum value, -3.37 percent, was reached in 2020 while the maximum of 6.47 percent was recorded in 2021.

Expected Inflation Term Structure is a part of the Inflation Expectations indicator of the Federal Reserve Bank of Cleveland.

Iceland continued to struggle with high inflation rates in 2024, with inflation standing at *** percent, and not forecast to decrease before 2025. By comparison, inflation rates in all other Nordic countries were projected to be significantly lower that year after also having increased rapidly through 2022 and 2023.

Belgium NBB Forecast: HICP: YoY: Core Inflation: excl Food & Energy data was reported at 1.600 % in 2026. This records a decrease from the previous number of 1.900 % for 2025. Belgium NBB Forecast: HICP: YoY: Core Inflation: excl Food & Energy data is updated yearly, averaging 1.550 % from Dec 2017 (Median) to 2026, with 10 observations. The data reached an all-time high of 6.200 % in 2023 and a record low of 1.300 % in 2021. Belgium NBB Forecast: HICP: YoY: Core Inflation: excl Food & Energy data remains active status in CEIC and is reported by National Bank of Belgium. The data is categorized under Global Database’s Belgium – Table BE.I006: Harmonised Index of Consumer Prices: Year on Year Growth: Forecast: National Bank of Belgium.

Georgia: Inflation forecast: The latest value from 2030 is 3 percent, unchanged from 3 percent in 2029. In comparison, the world average is 3.65 percent, based on data from 182 countries. Historically, the average for Georgia from 1997 to 2030 is 5.19 percent. The minimum value, -1.37 percent, was reached in 2012 while the maximum of 13.94 percent was recorded in 2021.

Switzerland SNB Forecast: Inflation: Conditional: SNB Policy Rate data was reported at 1.500 % in Mar 2022. This records an increase from the previous number of 1.400 % for Dec 2021. Switzerland SNB Forecast: Inflation: Conditional: SNB Policy Rate data is updated quarterly, averaging 0.750 % from Jun 2019 (Median) to Mar 2022, with 12 observations. The data reached an all-time high of 1.500 % in Mar 2022 and a record low of 0.500 % in Dec 2019. Switzerland SNB Forecast: Inflation: Conditional: SNB Policy Rate data remains active status in CEIC and is reported by Swiss National Bank. The data is categorized under Global Database’s Switzerland – Table CH.I010: Conditional Inflation: Forecast: Swiss National Bank.

The global inflation rate reached almost nine percent in 2022 amid the COVID-19 pandemic and Russia and invasion of Ukraine. The inflation was particularly high in emerging and developing economies, where it reached almost 10 percent that year. Global inflation is expected to slow somewhat until 2025.