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

    • statista.com
    Updated Aug 21, 2024
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    Statista (2024). U.S. projected annual inflation rate 2010-2029 [Dataset]. https://www.statista.com/statistics/244983/projected-inflation-rate-in-the-united-states/
    Explore at:
    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. F

    30-Year Expected Inflation

    • fred.stlouisfed.org
    json
    Updated Aug 12, 2025
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    (2025). 30-Year Expected Inflation [Dataset]. https://fred.stlouisfed.org/series/EXPINF30YR
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Aug 12, 2025
    License

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

    Description

    Graph and download economic data for 30-Year Expected Inflation (EXPINF30YR) from Jan 1982 to Aug 2025 about 30-year, projection, inflation, and USA.

  3. Inflation Nowcasting Monthly Year-Over-Year

    • clevelandfed.org
    Updated Mar 10, 2017
    + more versions
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    Federal Reserve Bank of Cleveland (2017). Inflation Nowcasting Monthly Year-Over-Year [Dataset]. https://www.clevelandfed.org/indicators-and-data/inflation-nowcasting
    Explore at:
    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 Year-Over-Year is a part of the Inflation Nowcasting indicator of the Federal Reserve Bank of Cleveland.

  4. F

    10-Year Expected Inflation

    • fred.stlouisfed.org
    json
    Updated Aug 12, 2025
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    (2025). 10-Year Expected Inflation [Dataset]. https://fred.stlouisfed.org/series/EXPINF10YR
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Aug 12, 2025
    License

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

    Description

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

  5. F

    25-Year Expected Inflation

    • fred.stlouisfed.org
    json
    Updated Aug 12, 2025
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    (2025). 25-Year Expected Inflation [Dataset]. https://fred.stlouisfed.org/series/EXPINF25YR
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Aug 12, 2025
    License

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

    Description

    Graph and download economic data for 25-Year Expected Inflation (EXPINF25YR) from Jan 1982 to Aug 2025 about projection, inflation, and USA.

  6. Inflation Nowcasting

    • clevelandfed.org
    json
    Updated Mar 10, 2017
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    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.

  7. T

    United States Inflation Rate

    • tradingeconomics.com
    • fa.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Aug 12, 2025
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    TRADING ECONOMICS (2025). United States Inflation Rate [Dataset]. https://tradingeconomics.com/united-states/inflation-cpi
    Explore at:
    json, excel, xml, csvAvailable download formats
    Dataset updated
    Aug 12, 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
    Dec 31, 1914 - Jul 31, 2025
    Area covered
    United States
    Description

    Inflation Rate in the United States remained unchanged at 2.70 percent in July. This dataset provides - United States Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

  8. U.S. monthly inflation rate 2025

    • statista.com
    Updated Mar 11, 2025
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    Statista (2025). U.S. monthly inflation rate 2025 [Dataset]. https://www.statista.com/statistics/273418/unadjusted-monthly-inflation-rate-in-the-us/
    Explore at:
    Dataset updated
    Mar 11, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jan 2021 - Jan 2025
    Area covered
    United States
    Description

    In January 2025, prices had increased by three percent compared to January 2024 according to the 12-month percentage change in the consumer price index — the monthly inflation rate for goods and services in the United States. The data represents U.S. city averages. In economics, the inflation rate is a measure of the change in price level over time. The rate of decrease in the purchasing power of money is approximately equal. A projection of the annual U.S. inflation rate can be accessed here and the actual annual inflation rate since 1990 can be accessed here. InflationOne of the most important economic indicators is the development of the Consumer Price Index in a country. The change in this price level of goods and services is defined as the rate of inflation. The inflationary situation in the United States had been relatively severe in 2022 due to global events relating to COVID-19, supply chain restrains, and the Russian invasion of Ukraine. More information on U.S. inflation may be found on our dedicated topic page. The annual inflation rate in the United States has increased from 3.2 percent in 2011 to 8.3 percent in 2022. This means that the purchasing power of the U.S. dollar has weakened in recent years. The purchasing power is the extent to which a person has available funds to make purchases. According to the data published by the International Monetary Fund, the U.S. Consumer Price Index (CPI) was about 258.84 in 2020 and is forecasted to grow up to 325.6 by 2027, compared to the base period from 1982 to 1984. The monthly percentage change in the Consumer Price Index (CPI) for urban consumers in the United States was 0.1 percent in March 2023 compared to the previous month. In 2022, countries all around the world are experienced high levels of inflation. Although Brazil already had an inflation rate of 8.3 percent in 2021, compared to the previous year, while the inflation rate in China stood at 0.85 percent.

  9. T

    United States Consumer Inflation Expectations

    • tradingeconomics.com
    • it.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Jul 21, 2025
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    TRADING ECONOMICS (2025). United States Consumer Inflation Expectations [Dataset]. https://tradingeconomics.com/united-states/inflation-expectations
    Explore at:
    json, excel, xml, csvAvailable download formats
    Dataset updated
    Jul 21, 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
    Jun 30, 2013 - Jul 31, 2025
    Area covered
    United States
    Description

    Inflation Expectations in the United States increased to 3.10 percent in July from 3 percent in June of 2025. This dataset provides - United States Consumer Inflation Expectations- actual values, historical data, forecast, chart, statistics, economic calendar and news.

  10. F

    20-Year Expected Inflation

    • fred.stlouisfed.org
    json
    Updated Aug 12, 2025
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    (2025). 20-Year Expected Inflation [Dataset]. https://fred.stlouisfed.org/series/EXPINF20YR
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Aug 12, 2025
    License

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

    Description

    Graph and download economic data for 20-Year Expected Inflation (EXPINF20YR) from Jan 1982 to Aug 2025 about 20-year, projection, inflation, and USA.

  11. Expected Inflation Term Structure

    • clevelandfed.org
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    Federal Reserve Bank of Cleveland, Expected Inflation Term Structure [Dataset]. https://www.clevelandfed.org/indicators-and-data/inflation-expectations
    Explore at:
    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

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

  12. Ten-Year Expected Inflation and Real and Inflation Risk Premia

    • clevelandfed.org
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    Federal Reserve Bank of Cleveland, Ten-Year Expected Inflation and Real and Inflation Risk Premia [Dataset]. https://www.clevelandfed.org/indicators-and-data/inflation-expectations
    Explore at:
    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

    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.

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

    • statista.com
    Updated Jun 18, 2025
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    Statista (2025). Average inflation rate in the United Kingdom 1980-2030 [Dataset]. https://www.statista.com/statistics/270384/inflation-rate-in-the-united-kingdom/
    Explore at:
    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.

  14. I

    India CPI Inflation Projection: Quarterly: 3rd Monetary Policy Statement

    • ceicdata.com
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    CEICdata.com, India CPI Inflation Projection: Quarterly: 3rd Monetary Policy Statement [Dataset]. https://www.ceicdata.com/en/india/rbi-monetary-policy-statement-inflation-projection/cpi-inflation-projection-quarterly-3rd-monetary-policy-statement
    Explore at:
    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
    Sep 1, 2022 - Jun 1, 2025
    Area covered
    India
    Description

    India CPI Inflation Projection: Quarterly: 3rd Monetary Policy Statement data was reported at 4.400 % in Jun 2025. This records an increase from the previous number of 4.300 % for Mar 2025. India CPI Inflation Projection: Quarterly: 3rd Monetary Policy Statement data is updated quarterly, averaging 4.800 % from Sep 2017 (Median) to Jun 2025, with 27 observations. The data reached an all-time high of 7.100 % in Sep 2022 and a record low of 3.000 % in Sep 2017. India CPI Inflation Projection: Quarterly: 3rd Monetary Policy Statement data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Inflation – Table IN.IA002: RBI Monetary Policy Statement: Inflation Projection.

  15. Inflation rate in India 2030

    • statista.com
    • ai-chatbox.pro
    Updated May 21, 2025
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    Statista (2025). Inflation rate in India 2030 [Dataset]. https://www.statista.com/statistics/271322/inflation-rate-in-india/
    Explore at:
    Dataset updated
    May 21, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    India
    Description

    The statistic shows the inflation rate in India from 1987 to 2024, with projections up until 2030. The inflation rate is calculated using the price increase of a defined product basket. This product basket contains products and services, on which the average consumer spends money throughout the year. They include expenses for groceries, clothes, rent, power, telecommunications, recreational activities and raw materials (e.g. gas, oil), as well as federal fees and taxes. In 2024, the inflation rate in India was around 4.67 percent compared to the previous year. See figures on India's economic growth for additional information. India's inflation rate and economy Inflation is generally defined as the increase of prices of goods and services over a certain period of time, as opposed to deflation, which describes a decrease of these prices. Inflation is a significant economic indicator for a country. The inflation rate is the rate at which the general rise in the level of prices, goods and services in an economy occurs and how it affects the cost of living of those living in a particular country. It influences the interest rates paid on savings and mortgage rates but also has a bearing on levels of state pensions and benefits received. A 4 percent increase in the rate of inflation in 2011 for example would mean an individual would need to spend 4 percent more on the goods he was purchasing than he would have done in 2010. India’s inflation rate has been on the rise over the last decade. However, it has been decreasing slightly since 2010. India’s economy, however, has been doing quite well, with its GDP increasing steadily for years, and its national debt decreasing. The budget balance in relation to GDP is not looking too good, with the state deficit amounting to more than 9 percent of GDP.

  16. U

    United States FOMC Projection: Core PCE Inflation: Range: Y3: Upper End

    • ceicdata.com
    Updated Feb 15, 2025
    + more versions
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    CEICdata.com (2025). United States FOMC Projection: Core PCE Inflation: Range: Y3: Upper End [Dataset]. https://www.ceicdata.com/en/united-states/pce-price-index-summary-of-economic-projections-federal-reserve-board/fomc-projection-core-pce-inflation-range-y3-upper-end
    Explore at:
    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
    Sep 1, 2019 - Dec 1, 2024
    Area covered
    United States
    Variables measured
    Consumer Prices
    Description

    United States FOMC Projection: Core PCE Inflation: Range: Y3: Upper End data was reported at 2.600 % in Dec 2024. This records an increase from the previous number of 2.200 % for Sep 2024. United States FOMC Projection: Core PCE Inflation: Range: Y3: Upper End data is updated quarterly, averaging 2.250 % from Sep 2015 (Median) to Dec 2024, with 20 observations. The data reached an all-time high of 3.000 % in Dec 2022 and a record low of 2.100 % in Sep 2020. United States FOMC Projection: Core PCE Inflation: Range: Y3: Upper End data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.I: PCE Price Index: Projection: Federal Reserve Board.

  17. F

    5-Year Expected Inflation

    • fred.stlouisfed.org
    json
    Updated Aug 12, 2025
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    (2025). 5-Year Expected Inflation [Dataset]. https://fred.stlouisfed.org/series/EXPINF5YR
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Aug 12, 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 Aug 2025 about projection, 5-year, inflation, and USA.

  18. Central African Republic: Inflation rate from 1986 to 2026

    • cloud.csiss.gmu.edu
    pdf, png, xlsx
    Updated Oct 29, 2021
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    Africa Data Hub (2021). Central African Republic: Inflation rate from 1986 to 2026 [Dataset]. https://cloud.csiss.gmu.edu/uddi/dataset/central-african-republic-inflation-rate-from-1986-to-2026
    Explore at:
    png, pdf, xlsxAvailable download formats
    Dataset updated
    Oct 29, 2021
    Dataset provided by
    License

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

    Area covered
    Central African Republic
    Description

    This statistic shows the average inflation rate in the Central African Republic from 1986 to 2020, with projections up until 2026. In 2020, the average inflation rate in the Central African Republic amounted to about 2.3 percent compared to the previous year.

  19. Ten-Year TIPS Yields versus Real Yields

    • clevelandfed.org
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    Federal Reserve Bank of Cleveland, Ten-Year TIPS Yields versus Real Yields [Dataset]. https://www.clevelandfed.org/indicators-and-data/inflation-expectations
    Explore at:
    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

    Ten-Year TIPS Yields versus Real Yields is a part of the Inflation Expectations indicator of the Federal Reserve Bank of Cleveland.

  20. I

    India CPI Inflation Projection: Annual: 4th Monetary Policy Statement

    • ceicdata.com
    Updated Dec 15, 2020
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    CEICdata.com (2020). India CPI Inflation Projection: Annual: 4th Monetary Policy Statement [Dataset]. https://www.ceicdata.com/en/india/rbi-monetary-policy-statement-inflation-projection/cpi-inflation-projection-annual-4th-monetary-policy-statement
    Explore at:
    Dataset updated
    Dec 15, 2020
    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
    Mar 1, 2022 - Mar 1, 2025
    Area covered
    India
    Description

    India CPI Inflation Projection: Annual: 4th Monetary Policy Statement data was reported at 4.500 % in 2025. This records a decrease from the previous number of 5.400 % for 2024. India CPI Inflation Projection: Annual: 4th Monetary Policy Statement data is updated yearly, averaging 5.350 % from Mar 2022 (Median) to 2025, with 4 observations. The data reached an all-time high of 6.700 % in 2023 and a record low of 4.500 % in 2025. India CPI Inflation Projection: Annual: 4th Monetary Policy Statement data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Inflation – Table IN.IA002: RBI Monetary Policy Statement: Inflation Projection.

Share
FacebookFacebook
TwitterTwitter
Email
Click to copy link
Link copied
Close
Cite
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:
44 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 .

Search
Clear search
Close search
Google apps
Main menu