100+ datasets found
  1. U.S. annual inflation rate 1990-2023

    • statista.com
    • grusthub.com
    • +3more
    Updated Aug 21, 2024
    + more versions
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    Statista (2024). U.S. annual inflation rate 1990-2023 [Dataset]. https://www.statista.com/statistics/191077/inflation-rate-in-the-usa-since-1990/
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    Dataset updated
    Aug 21, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    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.

  2. U.S. monthly inflation rate 2025

    • thefarmdosupply.com
    • tokrwards.com
    • +1more
    Updated Mar 31, 2025
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    Abigail Tierney (2025). U.S. monthly inflation rate 2025 [Dataset]. https://www.thefarmdosupply.com/?_=%2Ftopics%2F11963%2Fconsumer-behavior-in-the-us%2F%23RslIny40YoL1bbEgyeyUHEfOSI5zbSLA
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    Dataset updated
    Mar 31, 2025
    Dataset provided by
    Statistahttp://statista.com/
    Authors
    Abigail Tierney
    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.

  3. F

    Inflation, consumer prices for the United States

    • fred.stlouisfed.org
    json
    Updated Apr 16, 2025
    + more versions
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    (2025). Inflation, consumer prices for the United States [Dataset]. https://fred.stlouisfed.org/series/FPCPITOTLZGUSA
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    jsonAvailable download formats
    Dataset updated
    Apr 16, 2025
    License

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

    Area covered
    United States
    Description

    Graph and download economic data for Inflation, consumer prices for the United States (FPCPITOTLZGUSA) from 1960 to 2024 about consumer, CPI, inflation, price index, indexes, price, and USA.

  4. T

    Argentina Inflation Rate

    • tradingeconomics.com
    • pl.tradingeconomics.com
    • +13more
    csv, excel, json, xml
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    TRADING ECONOMICS, Argentina Inflation Rate [Dataset]. https://tradingeconomics.com/argentina/inflation-cpi
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    xml, excel, csv, jsonAvailable download formats
    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, 1944 - Aug 31, 2025
    Area covered
    Argentina
    Description

    Inflation Rate in Argentina decreased to 33.60 percent in August from 36.60 percent in July of 2025. This dataset provides the latest reported value for - Argentina Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

  5. T

    Russia Inflation Rate

    • tradingeconomics.com
    • it.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Sep 10, 2025
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    TRADING ECONOMICS (2025). Russia Inflation Rate [Dataset]. https://tradingeconomics.com/russia/inflation-cpi
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    json, excel, csv, xmlAvailable download formats
    Dataset updated
    Sep 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
    Dec 31, 1991 - Aug 31, 2025
    Area covered
    Russia
    Description

    Inflation Rate in Russia decreased to 8.10 percent in August from 8.80 percent in July of 2025. This dataset provides - Russia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

  6. T

    Hungary Inflation Rate

    • tradingeconomics.com
    • pl.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Sep 9, 2025
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    TRADING ECONOMICS (2025). Hungary Inflation Rate [Dataset]. https://tradingeconomics.com/hungary/inflation-cpi
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    excel, xml, csv, jsonAvailable download formats
    Dataset updated
    Sep 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, 1992 - Aug 31, 2025
    Area covered
    Hungary
    Description

    Inflation Rate in Hungary remained unchanged at 4.30 percent in August. This dataset provides - Hungary Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

  7. Historical (real-time) releases of Consumer Price Index (CPI) statistics,...

    • www150.statcan.gc.ca
    • ouvert.canada.ca
    • +2more
    Updated Sep 29, 2025
    + more versions
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    Government of Canada, Statistics Canada (2025). Historical (real-time) releases of Consumer Price Index (CPI) statistics, measures of core inflation - Bank of Canada definitions [Dataset]. http://doi.org/10.25318/1810025901-eng
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    Dataset updated
    Sep 29, 2025
    Dataset provided by
    Statistics Canadahttps://statcan.gc.ca/en
    Area covered
    Canada
    Description

    Historical (real-time) releases of the measures of core inflation, with data from 1989 (not all combinations necessarily have data for all years). Data are presented for the current release and previous four releases. Users can select other releases that are of interest to them.

  8. Core inflation rate Japan 1990-2024

    • statista.com
    • tokrwards.com
    Updated Jun 20, 2025
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    Statista (2025). Core inflation rate Japan 1990-2024 [Dataset]. https://www.statista.com/statistics/1448426/japan-annual-growth-rate-core-consumer-price-index/
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    Dataset updated
    Jun 20, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Japan
    Description

    In 2024, Japan's core Consumer Price Index (CPI) for all items, excluding fresh food, grew by *** percent year on year. The highest price level increase since 1990 was recorded in **** at *** percent.

  9. T

    Euro Area Inflation Rate

    • tradingeconomics.com
    • fa.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Sep 2, 2025
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    TRADING ECONOMICS (2025). Euro Area Inflation Rate [Dataset]. https://tradingeconomics.com/euro-area/inflation-cpi
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    excel, json, csv, xmlAvailable download formats
    Dataset updated
    Sep 2, 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, 1991 - Sep 30, 2025
    Area covered
    Euro Area
    Description

    Inflation Rate In the Euro Area increased to 2.20 percent in September from 2 percent in August of 2025. This dataset provides the latest reported value for - Euro Area Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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

    • thefarmdosupply.com
    • statista.com
    • +1more
    Updated Jun 27, 2025
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    Abigail Tierney (2025). U.S. monthly change in chained inflation 2024-2024 [Dataset]. https://www.thefarmdosupply.com/?_=%2Ftopics%2F13639%2Fthe-second-trump-administration%2F%23RslIny40YoL1bbEgyeyUHEfOSI5zbSLA
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    Dataset updated
    Jun 27, 2025
    Dataset provided by
    Statistahttp://statista.com/
    Authors
    Abigail Tierney
    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.

  11. B

    Brazil Inflation, monthly percent change in the CPI, August, 2025 - data,...

    • theglobaleconomy.com
    csv, excel, xml
    Updated Aug 15, 2025
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    Globalen LLC (2025). Brazil Inflation, monthly percent change in the CPI, August, 2025 - data, chart | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/Brazil/inflation_monthly/
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    csv, excel, xmlAvailable download formats
    Dataset updated
    Aug 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
    Dec 31, 1988 - Aug 31, 2025
    Area covered
    Brazil
    Description

    Inflation, monthly percent change in the CPI in Brazil, August, 2025 The most recent value is -0.11 percent as of August 2025, a decline compared to the previous value of 0.26 percent. Historically, the average for Brazil from December 1988 to August 2025 is 4.63 percent. The minimum of -0.68 percent was recorded in July 2022, while the maximum of 82.18 percent was reached in March 1990. | TheGlobalEconomy.com

  12. U.S. core Consumer Price Index excluding food and energy 1990-2024

    • tokrwards.com
    • statista.com
    Updated Feb 11, 2025
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    Statista (2025). U.S. core Consumer Price Index excluding food and energy 1990-2024 [Dataset]. https://tokrwards.com/?_=%2Fstatistics%2F245068%2Fus-consumer-price-index-less-food-and-energy%2F%23D%2FIbH0PhabzN99vNwgDeng71Gw4euCn%2B
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    Dataset updated
    Feb 11, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    In 2024, the core CPI in the United States was 318.98, with a base 100 period of 1982-1984. This particular representation of the CPI, also called Core CPI, excludes goods with high price volatility like food and energy, which are non-systemic. The annual inflation rate in the U.S. since 1990 can be accessed here.

  13. B

    Brazil Inflation - data, chart | TheGlobalEconomy.com

    • theglobaleconomy.com
    csv, excel, xml
    Updated Jan 16, 2015
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    Globalen LLC (2015). Brazil Inflation - data, chart | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/Brazil/inflation/
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    excel, xml, csvAvailable download formats
    Dataset updated
    Jan 16, 2015
    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
    Dec 31, 1981 - Dec 31, 2024
    Area covered
    Brazil
    Description

    Brazil: Inflation: percent change in the Consumer Price Index: The latest value from 2024 is 4.4 percent, a decline from 4.6 percent in 2023. In comparison, the world average is 6.0 percent, based on data from 155 countries. Historically, the average for Brazil from 1981 to 2024 is 267.7 percent. The minimum value, 3.2 percent, was reached in 1998 while the maximum of 2947.7 percent was recorded in 1990.

  14. M

    Inflation 1.5-2.5% | Historical Chart | Data | 1990-2025

    • macrotrends.net
    csv
    Updated Oct 31, 2025
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    MACROTRENDS (2025). Inflation 1.5-2.5% | Historical Chart | Data | 1990-2025 [Dataset]. https://www.macrotrends.net/datasets/5151/inflation-15-25
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    csvAvailable download formats
    Dataset updated
    Oct 31, 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
    1990 - 2025
    Area covered
    United States
    Description

    Inflation 1.5-2.5% - Historical chart and current data through 2025.

  15. T

    China Inflation Rate

    • tradingeconomics.com
    • de.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Sep 10, 2025
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    TRADING ECONOMICS (2025). China Inflation Rate [Dataset]. https://tradingeconomics.com/china/inflation-cpi
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    json, excel, csv, xmlAvailable download formats
    Dataset updated
    Sep 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, 1986 - Aug 31, 2025
    Area covered
    China
    Description

    Inflation Rate in China decreased to -0.40 percent in August from 0 percent in July of 2025. This dataset provides - China Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

  16. Average inflation rate in Albania 1990-2030

    • tokrwards.com
    • statista.com
    Updated Jul 1, 2025
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    Aaron O'Neill (2025). Average inflation rate in Albania 1990-2030 [Dataset]. https://tokrwards.com/?_=%2Ftopics%2F2678%2Falbania%2F%23D%2FIbH0PhabzN99vNwgDeng71Gw4euCn%2B
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    Dataset updated
    Jul 1, 2025
    Dataset provided by
    Statistahttp://statista.com/
    Authors
    Aaron O'Neill
    Area covered
    Albania
    Description

    The average inflation rate in Albania was estimated at about 2.23 percent in 2024. From 1990 to 2024, the inflation rose by approximately 2.41 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the inflation will rise by around 0.77 percentage points, showing an overall upward trend with periodic ups and downs.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.

  17. A

    Argentina AR: Inflation: GDP Deflator: Linked Series

    • ceicdata.com
    Updated Feb 15, 2025
    + more versions
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    CEICdata.com (2025). Argentina AR: Inflation: GDP Deflator: Linked Series [Dataset]. https://www.ceicdata.com/en/argentina/inflation/ar-inflation-gdp-deflator-linked-series
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    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
    Dec 1, 2012 - Dec 1, 2023
    Area covered
    Argentina
    Variables measured
    Consumer Prices
    Description

    Argentina AR: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data was reported at 135.369 % in 2023. This records an increase from the previous number of 69.876 % for 2022. Argentina AR: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data is updated yearly, averaging 21.615 % from Dec 1990 (Median) to 2023, with 34 observations. The data reached an all-time high of 2,078.317 % in 1990 and a record low of -3.561 % in 1993. Argentina AR: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Argentina – Table AR.World Bank.WDI: Inflation. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years.;World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.;;

  18. Inflation rate in Germany 1992-2024

    • statista.com
    • tokrwards.com
    Updated Feb 26, 2025
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    Statista (2025). Inflation rate in Germany 1992-2024 [Dataset]. https://www.statista.com/statistics/262859/inflation-rate-in-germany-changes-of-the-cpi-compared-to-the-previous-year/
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    Dataset updated
    Feb 26, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Germany
    Description

    The German inflation rate has returned to normal levels of around 2.2 percent, based on preliminary figures for 2024. Compared to skyrocketing rates in 2022 and 2023, this can be seen as an improvement of the national economic situation. Various factors influenced the recent development of inflation in Germany. These are the same that pushed inflation levels around the rest of the world, particularly since the beginning of the Russia-Ukraine war in 2022. The most recent recorded annual inflation rate in Germany is within the normal range defined by central banks internationally, which is generally between 1.5 and four percent a year. The 2.2 percent for 2024 are not only noticeably lower than the preceding two years, but also less than in 2021, one of the COVID-19 pandemic lockdown years in Germany. 2022 and 2023 followed on the heels of the challenges posed by the pandemic which were already straining the national economy: supply chain interruptions and delays, transport problems, labor shortages across sectors and industries. These issues continue to partially impact the economy today.

  19. S

    Spain ES: Inflation: GDP Deflator: Linked Series

    • ceicdata.com
    Updated Dec 15, 2019
    + more versions
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    CEICdata.com (2019). Spain ES: Inflation: GDP Deflator: Linked Series [Dataset]. https://www.ceicdata.com/en/spain/inflation/es-inflation-gdp-deflator-linked-series
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    Dataset updated
    Dec 15, 2019
    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
    Dec 1, 2006 - Dec 1, 2017
    Area covered
    Spain
    Variables measured
    Consumer Prices
    Description

    Spain ES: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data was reported at 0.955 % in 2017. This records an increase from the previous number of 0.283 % for 2016. Spain ES: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data is updated yearly, averaging 3.304 % from Dec 1990 (Median) to 2017, with 28 observations. The data reached an all-time high of 7.326 % in 1990 and a record low of -0.195 % in 2014. Spain ES: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Spain – Table ES.World Bank.WDI: Inflation. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years.; ; World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.; ;

  20. F

    Personal Consumption Expenditures: Chain-type Price Index

    • fred.stlouisfed.org
    json
    Updated Sep 26, 2025
    + more versions
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    (2025). Personal Consumption Expenditures: Chain-type Price Index [Dataset]. https://fred.stlouisfed.org/series/PCEPI
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    jsonAvailable download formats
    Dataset updated
    Sep 26, 2025
    License

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

    Description

    Graph and download economic data for Personal Consumption Expenditures: Chain-type Price Index (PCEPI) from Jan 1959 to Aug 2025 about chained, headline figure, PCE, consumption expenditures, consumption, personal, inflation, price index, indexes, price, and USA.

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Statista (2024). U.S. annual inflation rate 1990-2023 [Dataset]. https://www.statista.com/statistics/191077/inflation-rate-in-the-usa-since-1990/
Organization logo

U.S. annual inflation rate 1990-2023

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21 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

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.

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