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 .

In economics, the inflation rate is a measure of the change in price of a basket of goods. The most common measure being the consumer price index. It is the percentage rate of change in price level over time, and also indicates the rate of decrease in the purchasing power of money. The annual rate of inflation for 2023, was 4.1 percent higher in the United States when compared to the previous year. More information on inflation and the consumer price index can be found on our dedicated topic page. Additionally, the monthly rate of inflation in the United States can be accessed here. Inflation and purchasing power Inflation is a key economic indicator, and gives economists and consumers alike a look at changes in prices in the wider economy. For example, if an average pair of socks costs 100 dollars one year and 105 dollars the following year, the inflation rate is five percent. This means the amount of goods an individual can purchase with a unit of currency has decreased. This concept is often referred to as purchasing power. The data presents the average rate of inflation in a year, whereas the monthly measure of inflation measures the change in prices compared with prices one year ago. For example, monthly inflation in the U.S. reached a peak in June 2022 at 9.1 percent. This means that prices were 9.1 percent higher than they were in June of 2021. The purchasing power is the extent to which a person has available funds to make purchases. The Big Mac Index has been published by The Economist since 1986 and exemplifies purchasing power on a global scale, allowing us to see note the differences between different countries currencies. Switzerland for example, has the most expensive Big Mac in the world, costing consumers 6.71 U.S. dollars as of July 2022, whereas a Big Mac cost 5.15 dollars in the United States, and 4.77 dollars in the Euro area. One of the most important tools in influencing the rate of inflation is interest rates. The Federal Reserve of the United States has the capacity to make changes to the federal interest rate . Changes to the rate of inflation are thought to be an imbalance between supply and demand. After COVID-19 related lockdowns came to an end there was a sudden increase in demand for goods and services with consumers having more funds than usual thanks to reduced spending during lockdown and government funded economic support. Additionally, supply-chain related bottlenecks also due to lockdowns around the world and the Russian invasion of Ukraine meant that there was a decrease in the supply of goods and services. By increasing the interest rate, the Federal Reserve aims to reduce spending, and thus bring demand back into balance with supply.

View monthly updates and historical trends for UK Inflation Rate. from United Kingdom. Source: Office for National Statistics. Track economic data with YC…

Inflation Rate in Norway increased to 3.50 percent in August from 3.30 percent in July of 2025. This dataset provides - Norway Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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 **** percent compared to the same month the previous year. However, it has been slowing slightly since, dropping to *** 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.

The Consumer Price Index in the United States increased 0.40 percent in August of 2025 over the previous month. This dataset provides - United States Inflation Rate MoM - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Inflation Rate in Indonesia increased to 2.65 percent in September from 2.31 percent in August of 2025. This dataset provides - Indonesia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Inflation Rate in Vietnam increased to 3.38 percent in September from 3.24 percent in August of 2025. This dataset provides the latest reported value for - Vietnam Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Harmonised Inflation Rate YoY in Georgia increased to 4.70 percent in August from 4.20 percent in July of 2025. This dataset includes a chart with historical data for Georgia Harmonised Inflation Rate YoY.

In May 2025, the year-on-year change in consumer prices was 0.46 percent in Finland. From onwards December 2022, the CPI is on a steady decline. 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.

As of December 2022, the inflation rate for the Consumer Price Index for Urban Consumers (CPI-U) in the Los Angeles area was 4.9 percent for all items. Within the provided time period, the inflation rate for the CPI-U was highest in June 2022, at 8.6 percent.

In 2024, the Consumer Price Index (CPI) of items purchased frequently in Japan rose by *** percent year on year. The inflation rate of frequently purchased items decreased from *** percent in the previous year.

Inflation Rate in Egypt decreased to 12 percent in August from 13.90 percent in July of 2025. This dataset provides - Egypt Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In August 2025, consumer prices in Hong Kong increased by approximately *** percent compared to the same month of the previous year. The high figure in September 2022 was mainly related to a low index base one year ago.

Historical dataset showing Sudan inflation rate by year from 1960 to 2022.

The inflation rate in Israel increased to about 3.29 percent in June 2025. This reflected a 0.2 percentage point increase from the previous month. During the observed period, inflation rates peaked at 5.4 percent in January 2023. Following a period of interest rate hikes, the Bank of Israel decided to lower its declared interest rate in January 2024.

Inflation rate of United States of America plummeted by 28.35% from 4.1 % in 2023 to 2.9 % in 2024. Since the 70.35% surge in 2022, inflation rate sank by 63.14% in 2024. 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 average for 2024 based on 155 countries was 6 percent. The highest value was in Turkey: 58.5 percent and the lowest value was in Afghanistan: -6.6 percent. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

Inflation Rate in European Union remained unchanged at 2.40 percent in August. This dataset provides the latest reported value for - European Union Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.