Inflation rates experienced by different groups of consumers within a country vary. This is because the prices of goods and services and the expenditure patterns of consumers differ. The published inflation rate is used for important decisions regarding the preservation of consumer purchasing power. These include the adjustment of social grants and minimum wages by government and the benchmarking of returns by investors when making investment decisions. It is thus vital that inflation is measured accurately to ensure the purchasing power of consumers is preserved. Current measures of inflation published by Stats SA are applicable to typical consumers and are not relevant to each individual. This resource supplements a study that seeks to provide a publicly available model that can be used by consumers to calculate their personal rate of inflation.

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.

This data package includes the underlying data and files to replicate the calculations, charts, and tables presented in Average Inflation Targeting Would Be a Weak Tool for the Fed to Deal with Recession and Chronic Low Inflation, PIIE Policy Brief 19-16. If you use the data, please cite as: Reifschneider, David, and David Wilcox. (2019). Average Inflation Targeting Would Be a Weak Tool for the Fed to Deal with Recession and Chronic Low Inflation. PIIE Policy Brief 19-16. Peterson Institute for International Economics.

Inflation Nowcasting Monthly Month-Over-Month is a part of the Inflation Nowcasting indicator of the Federal Reserve Bank of Cleveland.

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.

Graph and download economic data for Producer Price Index by Industry: Cutting Tool and Machine Tool Accessory Manufacturing: Primary Products (PCU333515333515P) from Jun 1983 to Jun 2025 about tool, machines, apparel, primary, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

The inflation rate in the United States declined significantly between June 2022 and June 2025, despite rising inflationary pressures towards the end of 2024. The peak inflation rate was recorded in June 2022, at *** percent. In August 2023, the Federal Reserve's interest rate hit its highest level during the observed period, at **** percent, and remained unchanged until September 2024, when the Federal Reserve implemented its first rate cut since September 2021. By January 2025, the rate dropped to **** percent, signalling a shift in monetary policy. What is the Federal Reserve interest rate? The Federal Reserve interest rate, or the federal funds rate, is the rate at which banks and credit unions lend to and borrow from each other. It is one of the Federal Reserve's key tools for maintaining strong employment rates, stable prices, and reasonable interest rates. The rate is determined by the Federal Reserve and adjusted eight times a year, though it can be changed through emergency meetings during times of crisis. The Fed doesn't directly control the interest rate but sets a target rate. It then uses open market operations to influence rates toward this target. Ways of measuring inflation Inflation is typically measured using several methods, with the most common being the Consumer Price Index (CPI). The CPI tracks the price of a fixed basket of goods and services over time, providing a measure of the price changes consumers face. At the end of 2023, the CPI in the United States was ****** percent, up from ****** a year earlier. A more business-focused measure is the producer price index (PPI), which represents the costs of firms.

Graph and download economic data for Producer Price Index by Commodity: Machinery and Equipment: Other Metal-Cutting Machine Tools (WPU11372041) from Dec 2009 to Jun 2025 about tool, machines, machinery, equipment, commodities, PPI, inflation, price index, indexes, price, and USA.

Graph and download economic data for Producer Price Index by Industry: Special Tool, Die, Jig, and Fixture Manufacturing: Primary Products (PCU333514333514P) from Jun 1981 to Jun 2025 about tool, primary, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

The global tire inflating gun market is experiencing robust growth, driven by the increasing demand for efficient and reliable tire inflation solutions across various sectors, including automotive, trucking, and industrial applications. The rising adoption of pneumatic tools in workshops and garages, coupled with the ongoing expansion of the automotive industry, particularly in developing economies, fuels market expansion. Furthermore, advancements in technology leading to lighter, more ergonomic, and powerful designs are contributing to increased consumer preference. The market is segmented based on various factors, including power source (electric, pneumatic), type (cordless, corded), and application (automotive, industrial). While precise market sizing data was unavailable, given a typical CAGR in similar equipment markets of around 5-7% and the available study period (2019-2033), a reasonable estimation would place the 2025 market size at approximately $250 million, projecting to $350 million by 2030 based on consistent growth. Key players such as Ronix, Signode, Ryobi, and others are competing through product innovation, strategic partnerships, and geographic expansion. However, challenges remain, including fluctuating raw material prices and increasing competition from less established brands,potentially impacting profit margins in the long term. The competitive landscape is marked by a mix of established industry players and emerging manufacturers. These companies are focusing on enhancing product features, such as improved durability, portability, and ease of use, to gain a competitive edge. The increasing emphasis on safety features within the product design is also driving innovation. Regional variations in market growth are expected, with regions like North America and Europe likely exhibiting higher adoption rates due to established automotive industries and sophisticated maintenance practices. However, growth in emerging markets, driven by infrastructure development and expanding vehicle ownership, presents significant opportunities for market expansion. The forecast period (2025-2033) presents considerable potential for market expansion driven by aforementioned factors. Continued innovation, focused marketing efforts and strategic acquisitions will likely shape the competitive landscape.

About this dataset

Context

The dataset illustrates the median household income in Tool, spanning the years from 2010 to 2023, with all figures adjusted to 2023 inflation-adjusted dollars. Based on the latest 2019-2023 5-Year Estimates from the American Community Survey, it displays how income varied over the last decade. The dataset can be utilized to gain insights into median household income trends and explore income variations.

Key observations:

From 2010 to 2023, the median household income for Tool increased by $13,132 (22.32%), as per the American Community Survey estimates. In comparison, median household income for the United States increased by $5,602 (7.68%) between 2010 and 2023.

Analyzing the trend in median household income between the years 2010 and 2023, spanning 13 annual cycles, we observed that median household income, when adjusted for 2023 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS), experienced growth year by year for 8 years and declined for 5 years.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates. All incomes have been adjusting for inflation and are presented in 2022-inflation-adjusted dollars.

Years for which data is available:

• 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 0223

Variables / Data Columns

• Year: This column presents the data year from 2010 to 2023
• Median Household Income: Median household income, in 2023 inflation-adjusted dollars for the specific year
• YOY Change($): Change in median household income between the current and the previous year, in 2023 inflation-adjusted dollars
• YOY Change(%): Percent change in median household income between current and the previous year

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Tool median household income. You can refer the same here

Inflation Rate in China decreased to 0 percent in July from 0.10 percent in June of 2025. This dataset provides - China Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

About this dataset

Context

The dataset illustrates the median household income in Tool, spanning the years from 2010 to 2021, with all figures adjusted to 2022 inflation-adjusted dollars. Based on the latest 2017-2021 5-Year Estimates from the American Community Survey, it displays how income varied over the last decade. The dataset can be utilized to gain insights into median household income trends and explore income variations.

Key observations:

From 2010 to 2021, the median household income for Tool increased by $6,102 (10.80%), as per the American Community Survey estimates. In comparison, median household income for the United States increased by $4,559 (6.51%) between 2010 and 2021.

Analyzing the trend in median household income between the years 2010 and 2021, spanning 11 annual cycles, we observed that median household income, when adjusted for 2022 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS), experienced growth year by year for 6 years and declined for 5 years.

https://i.neilsberg.com/ch/tool-tx-median-household-income-trend.jpeg" alt="Tool, TX median household income trend (2010-2021, in 2022 inflation-adjusted dollars)">

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates. All incomes have been adjusting for inflation and are presented in 2022-inflation-adjusted dollars.

Years for which data is available:

• 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021

Variables / Data Columns

• Year: This column presents the data year from 2010 to 2021
• Median Household Income: Median household income, in 2022 inflation-adjusted dollars for the specific year
• YOY Change($): Change in median household income between the current and the previous year, in 2022 inflation-adjusted dollars
• YOY Change(%): Percent change in median household income between current and the previous year

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Tool median household income. You can refer the same here

Measures of monthly UK inflation data including CPIH, CPI and RPI. These tables complement the consumer price inflation time series dataset.

Inflation Rate in Iran increased to 38.90 percent in April from 37.10 percent in March of 2025. This dataset provides the latest reported value for - Iran Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

United States - Producer Price Index by Industry: Cutting Tool and Machine Tool Accessory Manufacturing was 243.48100 Index Jun 1983=100 in June of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Cutting Tool and Machine Tool Accessory Manufacturing reached a record high of 243.48100 in June of 2025 and a record low of 99.20000 in August of 1983. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Cutting Tool and Machine Tool Accessory Manufacturing - last updated from the United States Federal Reserve on August of 2025.

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

Inflation Rate in Taiwan increased to 1.54 percent in July from 1.37 percent in June of 2025. This dataset provides the latest reported value for - Taiwan Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Consumer Price Index in the United States increased 0.30 percent in June 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.

The cordless tire inflator market is experiencing robust growth, driven by increasing vehicle ownership, rising demand for convenience, and technological advancements leading to improved portability and performance. The market size in 2025 is estimated at $500 million, exhibiting a Compound Annual Growth Rate (CAGR) of 15% from 2025 to 2033. This growth is fueled by several factors including the increasing adoption of electric and hybrid vehicles, which often require specialized inflation tools, and the growing popularity of SUVs and trucks which necessitate more frequent tire inflation. Furthermore, the integration of digital features such as pressure gauges and pre-set inflation levels enhances user experience and contributes to market expansion. Key players like DEWALT, Milwaukee Tool, and Black & Decker are driving innovation through the introduction of compact, powerful, and versatile models, catering to both professional and DIY users. The market is segmented based on various factors, including power source, capacity, and application (personal use, commercial use). The rising popularity of battery-powered inflators over traditional compressor-based models is a significant trend. Restraints on market growth include pricing concerns, particularly for high-capacity inflators, and potential concerns regarding battery life and charging time. However, ongoing technological advancements are addressing these issues, leading to longer-lasting batteries and faster charging times. Regional growth varies, with North America and Europe currently leading the market, followed by Asia-Pacific regions experiencing rapid growth fueled by increasing disposable incomes and vehicle sales. The forecast period suggests a continued upward trajectory for the cordless tire inflator market, with considerable opportunities for innovation and market penetration in developing economies.