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 .

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

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.

In 2023, the U.S. Consumer Price Index was 309.42, and is projected to increase to 352.27 by 2029. The base period was 1982-84. The monthly CPI for all urban consumers in the U.S. can be accessed here. After a time of high inflation, the U.S. inflation rateis projected fall to two percent by 2027. United States Consumer Price Index ForecastIt is projected that the CPI will continue to rise year over year, reaching 325.6 in 2027. The Consumer Price Index of all urban consumers in previous years was lower, and has risen every year since 1992, except in 2009, when the CPI went from 215.30 in 2008 to 214.54 in 2009. The monthly unadjusted Consumer Price Index was 296.17 for the month of August in 2022. The U.S. CPI measures changes in the price of consumer goods and services purchased by households and is thought to reflect inflation in the U.S. as well as the health of the economy. The U.S. Bureau of Labor Statistics calculates the CPI and defines it as, "a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services." The BLS records the price of thousands of goods and services month by month. They consider goods and services within eight main categories: food and beverage, housing, apparel, transportation, medical care, recreation, education, and other goods and services. They aggregate the data collected in order to compare how much it would cost a consumer to buy the same market basket of goods and services within one month or one year compared with the previous month or year. Given that the CPI is used to calculate U.S. inflation, the CPI influences the annual adjustments of many financial institutions in the United States, both private and public. Wages, social security payments, and pensions are all affected by the CPI.

The Consumer Price Index in the United States increased 0.20 percent in February 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.

United States FRB Cleveland Forecast: Inflation Nowcast: Core Consumer Price Index (CPI): YoY data was reported at 2.123 % in Dec 2018. This records a decrease from the previous number of 2.199 % for Nov 2018. United States FRB Cleveland Forecast: Inflation Nowcast: Core Consumer Price Index (CPI): YoY data is updated monthly, averaging 1.861 % from Aug 2013 (Median) to Dec 2018, with 65 observations. The data reached an all-time high of 2.322 % in Aug 2018 and a record low of 1.583 % in Jan 2015. United States FRB Cleveland Forecast: Inflation Nowcast: Core Consumer Price Index (CPI): YoY data remains active status in CEIC and is reported by Federal Reserve Bank of Cleveland. The data is categorized under Global Database’s United States – Table US.I003: Consumer Price Index: Urban: Forecast: Federal Reserve Bank of Cleveland.

Graph and download economic data for FOMC Summary of Economic Projections for the Personal Consumption Expenditures less Food and Energy Inflation Rate, Range, High (JCXFERH) from 2025 to 2027 about core, projection, PCE, consumption expenditures, consumption, personal, inflation, rate, and USA.

2022 and 2023 was characterized by leaping inflation rates. These were caused by a multiple of factors, but post-corona (COVID-19) challenges and the Russian invasion of Ukraine in February that year had a major impact. However, the inflation rates in all countries included were forecast to stabilize through 2022 and 2023. More information about global inflation can be found here.

United States FRB Cleveland Forecast: Inflation Nowcast: Core Consumer Price Index (CPI): sa: MoM data was reported at 0.185 % in Dec 2018. This records an increase from the previous number of 0.178 % for Nov 2018. United States FRB Cleveland Forecast: Inflation Nowcast: Core Consumer Price Index (CPI): sa: MoM data is updated monthly, averaging 0.153 % from Aug 2013 (Median) to Dec 2018, with 65 observations. The data reached an all-time high of 0.193 % in Mar 2016 and a record low of 0.129 % in Mar 2014. United States FRB Cleveland Forecast: Inflation Nowcast: Core Consumer Price Index (CPI): sa: MoM data remains active status in CEIC and is reported by Federal Reserve Bank of Cleveland. The data is categorized under Global Database’s United States – Table US.I007: Consumer Price Index: Urban: sa: Forecast: Federal Reserve Bank of Cleveland.

United States FRBOP Forecast: Annual(CPI) Consumer Price IndexInflation: sa: Median: Current Plus 1 Yr data was reported at 2.350 % in Dec 2018. This records an increase from the previous number of 2.300 % for Sep 2018. United States FRBOP Forecast: Annual(CPI) Consumer Price IndexInflation: sa: Median: Current Plus 1 Yr data is updated quarterly, averaging 2.500 % from Sep 1981 (Median) to Dec 2018, with 150 observations. The data reached an all-time high of 8.500 % in Dec 1981 and a record low of 1.617 % in Dec 2010. United States FRBOP Forecast: Annual(CPI) Consumer Price IndexInflation: sa: Median: Current Plus 1 Yr data remains active status in CEIC and is reported by Federal Reserve Bank of Philadelphia. The data is categorized under Global Database’s United States – Table US.I008: Consumer Price Index: Urban: sa: Forecast: Federal Reserve Bank of Philadelphia.

The global inflation rate reached almost nine percent in 2022 amid the COVID-19 pandemic and Russia and invasion of Ukraine. The inflation was particularly high in emerging and developing economies, where it reached almost 10 percent that year. Global inflation is expected to slow somewhat until 2025.

Inflation is generally defined as the continued increase in the average prices of goods and services in a given region. Following the extremely high global inflation experienced in the 1980s and 1990s, global inflation has been relatively stable since the turn of the millennium, usually hovering between three and five percent per year. There was a sharp increase in 2008 due to the global financial crisis now known as the Great Recession, but inflation was fairly stable throughout the 2010s, before the current inflation crisis began in 2021. Recent years Despite the economic impact of the coronavirus pandemic, the global inflation rate fell to 3.26 percent in the pandemic's first year, before rising to 4.66 percent in 2021. This increase came as the impact of supply chain delays began to take more of an effect on consumer prices, before the Russia-Ukraine war exacerbated this further. A series of compounding issues such as rising energy and food prices, fiscal instability in the wake of the pandemic, and consumer insecurity have created a new global recession, and global inflation in 2024 is estimated to have reached 5.76 percent. This is the highest annual increase in inflation since 1996. Venezuela Venezuela is the country with the highest individual inflation rate in the world, forecast at around 200 percent in 2022. While this is figure is over 100 times larger than the global average in most years, it actually marks a decrease in Venezuela's inflation rate, which had peaked at over 65,000 percent in 2018. Between 2016 and 2021, Venezuela experienced hyperinflation due to the government's excessive spending and printing of money in an attempt to curve its already-high inflation rate, and the wave of migrants that left the country resulted in one of the largest refugee crises in recent years. In addition to its economic problems, political instability and foreign sanctions pose further long-term problems for Venezuela. While hyperinflation may be coming to an end, it remains to be seen how much of an impact this will have on the economy, how living standards will change, and how many refugees may return in the coming years.

Inflation Rate in Japan decreased to 3.70 percent in February from 4 percent in January of 2025. This dataset provides the latest reported value for - Japan Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In January 2025, the unadjusted consumer price index (CPI) of all items for urban consumers in the United States amounted to about 317.67. The data represents U.S. city averages. The base period was 1982-84=100. The CPI is defined by the United States Bureau of Labor Statistics as “a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services”. The annual consumer price index for urban consumers in the U.S. can be accessed here. Consumer Price Index The Consumer Price Index (CPI) began in 1919 under the Bureau of Labor Statistics and is published every month. The CPI for all urban consumers includes urban households in Metropolitan Statistical Areas and regions with over 2,500 inhabitants, as well as non-farm consumers living in rural regions. This index was established in 1978 and includes about 80 percent of the U.S. population. The monthly CPI of urban consumers in the United States increased from 292.3 in May 2022 to 304.13 in 2023. Inflation tends not to impact everyone equally for a variety of reasons, including geography - CPI often differs between regions, with a high of 287.49 in the Western region as of 2021. There are also disparities in inflation between income quartiles, in which inflation is generally felt more heavily by lower income households. The annual CPI in the United States has increased steadily over the past two decades, from 140.3 in 1992 to 292.56 in 2022. A forecast of the CPI expects this positive trend to continue, reaching 325.6 by 2027. As of March 2023, the CPI of the nation’s education had increased by 3.5 percent. Further, in the same month costs of recreation, rent, housing, medical care, and food and beverages, gasoline, and transportation increased. Comparatively, the CPI in Hong Kong reached 103.3 in 2022.

The average for 2024 based on 20 countries was 14.59 percent. The highest value was in Argentina: 139.71 percent and the lowest value was in Costa Rica: 0.88 percent. The indicator is available from 1980 to 2028. Below is a chart for all countries where data are available.

United States FOMC Projection: Core PCE Inflation: Median: Y3 data was reported at 2.000 % in Dec 2024. This stayed constant from the previous number of 2.000 % for Sep 2024. United States FOMC Projection: Core PCE Inflation: Median: Y3 data is updated quarterly, averaging 2.000 % from Sep 2015 (Median) to Dec 2024, with 20 observations. The data reached an all-time high of 2.100 % in Dec 2022 and a record low of 2.000 % in Dec 2024. United States FOMC Projection: Core PCE Inflation: Median: Y3 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.I032: PCE Price Index: Summary of Economic Projections: Federal Reserve Board.

Core Inflation Index data was reported at 1.290 Index, 2017 in Dec 2026. This records an increase from the previous number of 1.284 Index, 2017 for Sep 2026. Core Inflation Index data is updated quarterly, averaging 0.662 Index, 2017 from Mar 1960 (Median) to Dec 2026, with 268 observations. The data reached an all-time high of 1.290 Index, 2017 in Dec 2026 and a record low of 0.158 Index, 2017 in Mar 1960. Core Inflation Index data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s United States – Table US.OECD.EO: Consumer and Wholesale Price Index: Forecast: OECD Member: Quarterly. PCORE - Core inflation indexOECD group, all items non-food non-energy. See exceptions at the country serie metadataIndex, national reference year; Price index for Personal consumption expenditure less food less energy

Inflation Rate in Thailand decreased to 1.08 percent in February from 1.32 percent in January 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.

This dataset provides values for INFLATION EXPECTATIONS reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

The aim is to forecast the chief components of inflation (such as changes in fuel prices, food prices and prices of durable goods) for the USA, UK and South Africa, and to test whether the weighted sum of the component forecasts gives a more accurate overall forecast for inflation, than simply forecasting overall inflation itself. In the long run, the ratios of these prices to the overall consumer price index have altered because of technological changes and globalization, among other factors. For example, the prices of internationally traded consumer goods have fallen relative to prices of services. By building separate models for the components, the long-run information in the data and specific economic features likely to drive each component can be exploited. These models will test for asymmetries, such as the tendency of petrol prices to respond faster to rises than to falls in oil prices. The models should help better understand the causes of overall inflation through understanding the inflation trends of the underlying sectors. Modelling the components separately should also highlight where interest rate policy could be effective, and where other policies such as competition policy or price regulation might have complementary benefits.