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

    • statista.com
    • tokrwards.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. T

    Indonesia Inflation Rate

    • tradingeconomics.com
    • ko.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Sep 1, 2025
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    TRADING ECONOMICS (2025). Indonesia Inflation Rate [Dataset]. https://tradingeconomics.com/indonesia/inflation-cpi
    Explore at:
    csv, json, excel, xmlAvailable download formats
    Dataset updated
    Sep 1, 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
    Nov 30, 1997 - Sep 30, 2025
    Area covered
    Indonesia
    Description

    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.

  3. T

    Greece Inflation Rate

    • tradingeconomics.com
    • pl.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Oct 9, 2025
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    TRADING ECONOMICS (2025). Greece Inflation Rate [Dataset]. https://tradingeconomics.com/greece/inflation-cpi
    Explore at:
    csv, excel, json, xmlAvailable download formats
    Dataset updated
    Oct 9, 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, 1960 - Sep 30, 2025
    Area covered
    Greece
    Description

    Inflation Rate in Greece decreased to 1.90 percent in September from 2.90 percent in August of 2025. This dataset provides the latest reported value for - Greece Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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

    • statista.com
    • tokrwards.com
    • +1more
    Updated Apr 15, 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
    Apr 15, 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.

  5. Monthly real vs. nominal interest rates and inflation rate for the U.S....

    • statista.com
    • tokrwards.com
    Updated Oct 1, 2024
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    Abigail Tierney (2024). Monthly real vs. nominal interest rates and inflation rate for the U.S. 1982-2024 [Dataset]. https://www.statista.com/topics/774/inflation/
    Explore at:
    Dataset updated
    Oct 1, 2024
    Dataset provided by
    Statistahttp://statista.com/
    Authors
    Abigail Tierney
    Area covered
    United States
    Description

    Real interest rates describe the growth in the real value of the interest on a loan or deposit, adjusted for inflation. Nominal interest rates on the other hand show us the raw interest rate, which is unadjusted for inflation. If the inflation rate in a certain country were zero percent, the real and nominal interest rates would be the same number. As inflation reduces the real value of a loan, however, a positive inflation rate will mean that the nominal interest rate is more likely to be greater than the real interest rate. We can see this in the recent inflationary episode which has taken place in the wake of the Coronavirus pandemic, with nominal interest rates rising over the course of 2022, but still lagging far behind the rate of inflation, meaning these rate rises register as smaller increases in the real interest rate.

  6. y

    US Inflation Rate

    • ycharts.com
    html
    Updated Jan 17, 2025
    + more versions
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    Eurostat (2025). US Inflation Rate [Dataset]. https://ycharts.com/indicators/us_inflation_rate_hcpi
    Explore at:
    htmlAvailable download formats
    Dataset updated
    Jan 17, 2025
    Dataset provided by
    YCharts
    Authors
    Eurostat
    License

    https://www.ycharts.com/termshttps://www.ycharts.com/terms

    Time period covered
    Dec 31, 1998 - Dec 31, 2024
    Area covered
    United States
    Variables measured
    US Inflation Rate
    Description

    View monthly updates and historical trends for US Inflation Rate. from United States. Source: Eurostat. Track economic data with YCharts analytics.

  7. T

    Jordan Inflation Rate

    • tradingeconomics.com
    • ko.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Oct 10, 2025
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    TRADING ECONOMICS (2025). Jordan Inflation Rate [Dataset]. https://tradingeconomics.com/jordan/inflation-cpi
    Explore at:
    csv, excel, xml, jsonAvailable download formats
    Dataset updated
    Oct 10, 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, 1977 - Sep 30, 2025
    Area covered
    Jordan
    Description

    Inflation Rate in Jordan increased to 1.74 percent in September from 1.32 percent in August of 2025. This dataset provides the latest reported value for - Jordan Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

  8. y

    UK Inflation Rate

    • ycharts.com
    html
    Updated Sep 17, 2025
    + more versions
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    Office for National Statistics (2025). UK Inflation Rate [Dataset]. https://ycharts.com/indicators/uk_inflation_rate
    Explore at:
    htmlAvailable download formats
    Dataset updated
    Sep 17, 2025
    Dataset provided by
    YCharts
    Authors
    Office for National Statistics
    License

    https://www.ycharts.com/termshttps://www.ycharts.com/terms

    Time period covered
    Jan 31, 1989 - Aug 31, 2025
    Area covered
    United Kingdom
    Variables measured
    UK Inflation Rate
    Description

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

  9. T

    Thailand Inflation Rate

    • tradingeconomics.com
    • zh.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Sep 4, 2025
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    TRADING ECONOMICS (2025). Thailand Inflation Rate [Dataset]. https://tradingeconomics.com/thailand/inflation-cpi
    Explore at:
    csv, json, excel, xmlAvailable download formats
    Dataset updated
    Sep 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, 1977 - Sep 30, 2025
    Area covered
    Thailand
    Description

    Inflation Rate in Thailand decreased by 0.72 percent in September from -0.79 percent in August of 2025. This dataset provides the latest reported value for - Thailand Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

  10. M

    Central America Inflation Rate | Historical Data | Chart | N/A-N/A

    • macrotrends.net
    csv
    Updated Sep 30, 2025
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    MACROTRENDS (2025). Central America Inflation Rate | Historical Data | Chart | N/A-N/A [Dataset]. https://www.macrotrends.net/datasets/global-metrics/countries/mca/central-america/inflation-rate-cpi
    Explore at:
    csvAvailable download formats
    Dataset updated
    Sep 30, 2025
    Dataset authored and provided by
    MACROTRENDS
    License

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

    Area covered
    Central America
    Description

    Historical dataset showing Central America inflation rate by year from N/A to N/A.

  11. Inflation rate in Czechia 1997-2030

    • statista.com
    • thefarmdosupply.com
    • +1more
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    Statista, Inflation rate in Czechia 1997-2030 [Dataset]. https://www.statista.com/statistics/369876/inflation-rate-in-czechia/
    Explore at:
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Czechia
    Description

    The average inflation rate of Czechia was forecast to reach 10.66 percent in 2023. This would mean a decrease of 4.44 percent compared to the previous year. However, inflation was forecast to decrease continuously between 2024 and 2030 by 14.3 percentage points. The average inflation rate is estimated to amount to two percent in 2030.This indicator measures inflation based on 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. Food inflation The high inflation rate increase in 2022 was partly due to the economic and energy crisis accompanied by the war in Ukraine. Food was one of the sectors hit the most by the sudden price increase in Czechia, with inflation rising to as high as 26 percent. That is over eight percentage points more than the food inflation peak in the European Union at that time. The food prices were higher than in Poland, which became a shopping destination for many Czechs, and, in some cases, they even topped the grocery prices in Germany. Inflation in other areas In 2022, the inflation rate of housing, water, energy, and fuel has risen even faster than that of food. So did transportation prices which, however, started decreasing significantly in the second half of 2022 already. With the combination of high housing, water, energy, and fuel prices and increased food inflation, restaurants' prices peaked that year. Due to this economic development, most people had a savings account or private pension insurance set up as anti-inflationary instruments by the end of 2022.

  12. Annual inflation rate worldwide 2000-2023, by region or continent

    • statista.com
    • tokrwards.com
    • +1more
    Updated Sep 5, 2025
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    Jose Sanchez (2025). Annual inflation rate worldwide 2000-2023, by region or continent [Dataset]. https://www.statista.com/topics/10471/inflation-in-india/
    Explore at:
    Dataset updated
    Sep 5, 2025
    Dataset provided by
    Statistahttp://statista.com/
    Authors
    Jose Sanchez
    Description

    The inflation rate for both Africa, the Middle East, and Latin America and the Caribbean reached more than 12 percent in 2023. Among the provided continents or regions, Asia and the Pacific had the lowest inflation rate that year. Consumer prices increased around the world following the COVID-19 pandemic and the Russian invasion of Ukraine. Inflation and food security Increases in food costs are one of the most prominent impacts of inflation globally. In the United Kingdom, for example, consumers have indicated that they have worried more about food costs in 2023 than in previous years. Meanwhile, in Canada, only a small fraction of survey respondents have said that inflation has had little impact on household food costs. Consumers have responded to rising food costs through various coping mechanisms. For example, Italian consumers have indicated that they purchase less unnecessary products, cut down on waste, and buy more discounted items in order to save costs. Changing consumer behvaiors Outside of food consumption, consumers have changed their purchasing behaviors with other types of goods and services. Surveying has indicated that nearly 60 percent of consumers have adjusted their shopping habits due to inflation. When holiday shopping in 2023, over 50 percent of Americans and over one third of British consumers said inflation had considerable impact on their holiday shopping. By generation, the Millenial generation has suffered the most due to rising inflation, while older generations have experienced less serious impacts.

  13. Output and input producer price inflation: contributions to the annual rates...

    • ons.gov.uk
    • cy.ons.gov.uk
    xlsx
    Updated Feb 19, 2025
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    Office for National Statistics (2025). Output and input producer price inflation: contributions to the annual rates [Dataset]. https://www.ons.gov.uk/economy/inflationandpriceindices/datasets/outputandinputproducerpriceinflationcontributionstothe12monthrates
    Explore at:
    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

    Contributions to the annual inflation rates of input and output producer price inflation by component and overall inflation rates.

  14. T

    Canada Inflation Rate

    • tradingeconomics.com
    • es.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Sep 16, 2025
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    TRADING ECONOMICS (2025). Canada Inflation Rate [Dataset]. https://tradingeconomics.com/canada/inflation-cpi
    Explore at:
    json, excel, csv, xmlAvailable download formats
    Dataset updated
    Sep 16, 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 - Aug 31, 2025
    Area covered
    Canada
    Description

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

  15. M

    Argentina Inflation Rate | Historical Data | Chart | N/A-N/A

    • macrotrends.net
    csv
    Updated Sep 30, 2025
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    MACROTRENDS (2025). Argentina Inflation Rate | Historical Data | Chart | N/A-N/A [Dataset]. https://www.macrotrends.net/datasets/global-metrics/countries/arg/argentina/inflation-rate-cpi
    Explore at:
    csvAvailable download formats
    Dataset updated
    Sep 30, 2025
    Dataset authored and provided by
    MACROTRENDS
    License

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

    Area covered
    Argentina
    Description

    Historical dataset showing Argentina inflation rate by year from N/A to N/A.

  16. y

    European Union Inflation Rate

    • ycharts.com
    html
    Updated Sep 17, 2025
    + more versions
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    Eurostat (2025). European Union Inflation Rate [Dataset]. https://ycharts.com/indicators/europe_inflation_rate
    Explore at:
    htmlAvailable download formats
    Dataset updated
    Sep 17, 2025
    Dataset provided by
    YCharts
    Authors
    Eurostat
    License

    https://www.ycharts.com/termshttps://www.ycharts.com/terms

    Time period covered
    Jan 31, 1997 - Aug 31, 2025
    Area covered
    Europe, European Union
    Variables measured
    European Union Inflation Rate
    Description

    View monthly updates and historical trends for European Union Inflation Rate. Source: Eurostat. Track economic data with YCharts analytics.

  17. P

    Puerto Rico Inflation, annual percent change in the CPI, August, 2025 -...

    • theglobaleconomy.com
    csv, excel, xml
    Updated Aug 25, 2025
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    Globalen LLC (2025). Puerto Rico Inflation, annual percent change in the CPI, August, 2025 - data, chart | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/Puerto-Rico/inflation_annual/
    Explore at:
    csv, xml, excelAvailable download formats
    Dataset updated
    Aug 25, 2025
    Dataset authored and provided by
    Globalen LLC
    License

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

    Time period covered
    Jul 31, 2008 - Aug 31, 2025
    Area covered
    Puerto Rico
    Description

    The latest inflation rate, i.e. the percent change in the CPI from a year ago to now, in Puerto Rico was 1.68 percent. That number was released in . It shows an increase from the inflation rate in the previous month when it stood at 1.02 percent. Compared to a year ago, we see an increase from...

  18. y

    Japan Inflation Rate

    • ycharts.com
    html
    Updated Sep 19, 2025
    + more versions
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    Japan Statistics Bureau (2025). Japan Inflation Rate [Dataset]. https://ycharts.com/indicators/japan_inflation_rate
    Explore at:
    htmlAvailable download formats
    Dataset updated
    Sep 19, 2025
    Dataset provided by
    YCharts
    Authors
    Japan Statistics Bureau
    License

    https://www.ycharts.com/termshttps://www.ycharts.com/terms

    Time period covered
    Jan 31, 1971 - Aug 31, 2025
    Area covered
    Japan
    Variables measured
    Japan Inflation Rate
    Description

    View monthly updates and historical trends for Japan Inflation Rate. Source: Japan Statistics Bureau. Track economic data with YCharts analytics.

  19. I

    India Inflation, annual percent change in the CPI, July, 2025 - data, chart...

    • theglobaleconomy.com
    csv, excel, xml
    Updated Jul 15, 2025
    + more versions
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    Globalen LLC (2025). India Inflation, annual percent change in the CPI, July, 2025 - data, chart | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/India/inflation_annual/
    Explore at:
    excel, csv, xmlAvailable download formats
    Dataset updated
    Jul 15, 2025
    Dataset authored and provided by
    Globalen LLC
    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, 2012 - Jul 31, 2025
    Area covered
    India
    Description

    The latest inflation rate, i.e. the percent change in the CPI from a year ago to now, in India was 1.55 percent. That number was released in . It shows a decrease from the inflation rate in the previous month when it stood at 2.1 percent. Compared to a year ago, we see a decrease from the inflation...

  20. M

    Germany Inflation Rate | Historical Data | Chart | 1960-2024

    • macrotrends.net
    csv
    Updated Sep 30, 2025
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    MACROTRENDS (2025). Germany Inflation Rate | Historical Data | Chart | 1960-2024 [Dataset]. https://www.macrotrends.net/datasets/global-metrics/countries/deu/germany/inflation-rate-cpi
    Explore at:
    csvAvailable download formats
    Dataset updated
    Sep 30, 2025
    Dataset authored and provided by
    MACROTRENDS
    License

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

    Time period covered
    Jan 1, 1960 - Dec 31, 2024
    Area covered
    Germany
    Description

    Historical dataset showing Germany inflation rate by year from 1960 to 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/
Organization logo

U.S. projected annual inflation rate 2010-2029

Explore at:
46 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