Inflation Rate in the United States increased to 2.40 percent in May from 2.30 percent in April of 2025. This dataset provides - United States Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, the average inflation rate in Mongolia stood at approximately 6.80 percent. Between 1991 and 2024, the figure dropped by around 113.40 percentage points, though the decline followed an uneven course rather than a steady trajectory. The inflation is forecast to decline by about 0.30 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.

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.

Cost of food in Egypt increased 20.80 percent in January of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Egypt Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

At the end of 2023, Zimbabwe had the highest inflation rate in the world, at 667.36 percent change compared to the previous year. Inflation in industrialized and in emerging countries Higher inflation rates are more present in less developed economies, as they often lack a sufficient central banking system, which in turn results in the manipulation of currency to achieve short term economic goals. Thus, interest rates increase while the general economic situation remains constant. In more developed economies and in the prime emerging markets, the inflation rate does not fluctuate as sporadically. Additionally, the majority of countries that maintained the lowest inflation rate compared to previous years are primarily oil producers or small island independent states. These countries experienced deflation, which occurs when the inflation rate falls below zero; this may happen for a variety of factors, such as a shift in supply or demand of goods and services, or an outflow of capital.

Rapid Inflator Market Outlook

The global market size for rapid inflators was valued at approximately USD 2.3 billion in 2023 and is projected to reach USD 4.8 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 8.2% during the forecast period. This growth can be attributed to increasing demand across various applications such as automotive, marine, and aerospace industries, driven by the rising need for efficient and time-saving inflation solutions.

One of the primary growth factors for the rapid inflator market is the burgeoning automotive industry, which requires reliable and quick tire inflation solutions to enhance vehicle performance and safety. With the increasing number of vehicles on the road, both in developed and emerging economies, the demand for rapid inflators in automotive applications is projected to surge. Furthermore, the trend of advanced driver-assistance systems (ADAS) necessitates the use of efficient inflators for maintaining optimal tire pressure, thereby contributing to market growth.

Another significant factor driving the market growth is the rising popularity of recreational activities such as boating and camping, which necessitate quick and efficient inflation of equipment like boats, kayaks, and air mattresses. The marine and aerospace sectors also stand to benefit from advancements in rapid inflation technology, as they require reliable and fast inflation solutions for various safety and operational applications. The increasing adoption of rapid inflators in these industries is expected to further accelerate market growth during the forecast period.

Technological advancements and innovations in rapid inflation technology are also key growth drivers. Manufacturers are continuously investing in research and development to introduce advanced inflators that offer improved efficiency, portability, and user-friendliness. For instance, the development of automatic rapid inflators with smart features such as auto shut-off, digital pressure gauges, and wireless connectivity is expected to boost product adoption across commercial and residential applications.

In terms of regional outlook, North America currently holds a significant share of the rapid inflator market due to the presence of a well-established automotive and aerospace industry, coupled with high consumer spending on recreational activities. Europe and Asia Pacific are also emerging as lucrative markets, driven by rapid industrialization, urbanization, and increasing disposable incomes. The Asia Pacific region, in particular, is anticipated to witness the highest growth rate during the forecast period, owing to the expanding automotive sector and rising adoption of advanced technologies in countries like China and India.

Product Type Analysis

The rapid inflator market is segmented into manual rapid inflators and automatic rapid inflators. Manual rapid inflators, traditionally used due to their simplicity and affordability, remain popular in various applications. These inflators do not require a power source, making them suitable for use in remote or off-grid locations. They are widely used in automotive and residential applications where users prefer a cost-effective solution for occasional use. However, manual inflators require physical effort, which can be a limitation for some users.

Automatic rapid inflators, on the other hand, are gaining significant traction due to their convenience and advanced features. These inflators come equipped with automatic shut-off functions, digital pressure displays, and preset pressure settings, allowing for precise and hassle-free inflation. The increasing demand for user-friendly and efficient inflation solutions in commercial and industrial applications is driving the growth of automatic rapid inflators. In addition, the integration of smart technologies such as wireless connectivity and mobile app controls is further enhancing the appeal of automatic inflators, making them a preferred choice for tech-savvy consumers.

The advancement of battery technology has also contributed to the popularity of automatic rapid inflators. Rechargeable lithium-ion batteries provide a portable and reliable power source, enabling the use of automatic inflators in various settings without the need for an external power supply. This portability makes them ideal for outdoor activities, emergency situations, and professional use in industries such as automotive and aerospace, where quick and efficient inflation is crucial.

Despite the higher initial cost of automatic r

Argentina's dairy industry is experiencing significant price volatility, with the Consumer Price Index (CPI) for dairy products in the Greater Buenos Aires region reaching 10,031 in March 2025. This marks a dramatic increase from 7,826 just a year earlier, highlighting the rapid inflation affecting the sector. The surge in dairy prices is part of a broader trend of rising food costs across the country, impacting consumers and the industry alike. While the Greater Buenos Aires region leads in dairy product CPI, other regions are also experiencing substantial increases. For instance, the Pampeana region saw its bread and cereals CPI rise to 8405.1 in November 2024, up from 3247.2 the previous year. These price hikes are occurring despite the relatively stable milk consumption volume. In 2022, Argentina's milk consumption reached 11.9 million metric tons, with a slight increase to 12 million metric tons projected for 2023. Despite the challenging economic environment, some dairy brands have maintained strong consumer loyalty. In 2023, La Serenísima led the market, followed by La Paulina and Ilolay. However, the industry faces headwinds, as evidenced by the industrial production index (IPI) for dairy products, which stood at 127.5 points in August 2024, representing a 6.6 percent decrease from the previous year. This decline in production, coupled with rising prices, suggests potential challenges for both consumers and producers in the Argentine dairy market.

This data package includes the underlying data to replicate the charts, tables, and calculations presented in Why did inflation rise and fall so rapidly? Lessons from the Korean War, PIIE Working Paper 25-1.

If you use the data, please cite as:

Gagnon, Joseph E., and Asher Rose. 2025. Why did inflation rise and fall so rapidly? Lessons from the Korean War. PIIE Working Paper 25-1. Washington: Peterson Institute for International Economics.

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 .

The UK inflation rate was 3.5 percent in April 2025, up from 2.6 percent in the previous month, and the fastest rate of inflation since February 2024. Between September 2022 and March 2023, the UK experienced seven months of double-digit inflation, which peaked at 11.1 percent in October 2022. Due to this long period of high inflation, UK consumer prices have increased by over 20 percent in the last three years. As of the most recent month, prices were rising fastest in the communications sector, at 6.1 percent, but were falling in both the furniture and transport sectors, at -0.3 percent and -0.6 percent respectively.
The Cost of Living Crisis High inflation is one of the main factors behind the ongoing Cost of Living Crisis in the UK, which, despite subsiding somewhat in 2024, is still impacting households going into 2025. In December 2024, for example, 56 percent of UK households reported their cost of living was increasing compared with the previous month, up from 45 percent in July, but far lower than at the height of the crisis in 2022. After global energy prices spiraled that year, the UK's energy price cap increased substantially. The cap, which limits what suppliers can charge consumers, reached 3,549 British pounds per year in October 2022, compared with 1,277 pounds a year earlier. Along with soaring food costs, high-energy bills have hit UK households hard, especially lower income ones that spend more of their earnings on housing costs. As a result of these factors, UK households experienced their biggest fall in living standards in decades in 2022/23. Global inflation crisis causes rapid surge in prices The UK's high inflation, and cost of living crisis in 2022 had its origins in the COVID-19 pandemic. Following the initial waves of the virus, global supply chains struggled to meet the renewed demand for goods and services. Food and energy prices, which were already high, increased further in 2022. Russia's invasion of Ukraine in February 2022 brought an end to the era of cheap gas flowing to European markets from Russia. The war also disrupted global food markets, as both Russia and Ukraine are major exporters of cereal crops. As a result of these factors, inflation surged across Europe and in other parts of the world, but typically declined in 2023, and approached more usual levels by 2024.

Emergency Inflation Valve Market Outlook

The global emergency inflation valve market size was valued at approximately USD 1.8 billion in 2023 and is projected to reach USD 3.4 billion by 2032, growing at a CAGR of 7.2% during the forecast period. The growth in this market can be attributed to the rising demand for safety measures and rapid technological advancements in the automotive and aerospace industries. Increasing awareness about safety and stringent regulations are driving the adoption of reliable and efficient emergency inflation valves across various sectors.

One of the primary growth factors for the emergency inflation valve market is the increasing focus on safety in high-risk industries. The aerospace and automotive sectors, which are highly regulated, require robust safety mechanisms to ensure the protection of human lives and critical assets. Emergency inflation valves play a crucial role in these sectors by providing rapid inflation capabilities in life-threatening situations, such as aircraft emergency landings or automotive airbag deployments. The necessity for advanced safety solutions is driving the demand for sophisticated and reliable inflation valve systems.

Technological advancements also contribute significantly to market growth. Innovations in materials and sensor technologies have led to the development of valves that offer improved performance, reliability, and durability. For instance, the integration of smart sensors allows for real-time monitoring and automatic activation of inflation systems, enhancing the efficiency and response times of these safety mechanisms. Such technological progress is encouraging the adoption of modern emergency inflation valves across multiple applications.

Another factor bolstering the growth of the emergency inflation valve market is the expansion of the automotive and aerospace industries, particularly in emerging economies. Increased production and sales of vehicles and aircraft in regions such as Asia Pacific and Latin America necessitate the incorporation of advanced safety features, including emergency inflation valves. Additionally, governments and regulatory bodies in these regions are implementing stringent safety standards, thereby compelling manufacturers to integrate high-quality inflation valves into their products.

From a regional perspective, North America and Europe are significant markets for emergency inflation valves due to their established automotive and aerospace sectors and stringent regulatory frameworks. Meanwhile, the Asia Pacific region is expected to witness the highest growth rate, driven by rapid industrialization, increasing vehicle production, and rising awareness regarding safety measures. Latin America and the Middle East & Africa are also anticipated to contribute to market growth, albeit at a slower pace compared to other regions.

Product Type Analysis

The emergency inflation valve market is segmented by product type into manual inflation valves and automatic inflation valves. Manual inflation valves are traditionally used in applications where the operator's intervention is required to activate the inflation mechanism. These valves are widely utilized in the automotive and marine industries, where manual control is preferred for precision and reliability. However, the growth in this segment is relatively slower due to the increasing preference for automatic systems that offer better efficiency and safety.

Automatic inflation valves, on the other hand, are gaining substantial traction due to their advanced features and superior performance. These valves are equipped with sensors and control systems that enable automatic activation in emergency scenarios. The aerospace industry, in particular, has seen a significant uptake of automatic inflation valves, driven by the need for rapid and reliable safety mechanisms during critical events. The integration of smart technologies in automatic valves enhances their functionality, making them an attractive option for various high-risk applications.

The growing preference for automatic inflation valves is also attributed to their ability to reduce human error, thereby improving overall safety. Industries such as automotive and industrial are increasingly adopting these valves to ensure compliance with stringent safety regulations. The combination of technological advancements and regulatory requirements i

Cost of food in Canada increased 3.40 percent in May of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Canada Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The global rapid inflator market is experiencing robust growth, driven by increasing demand from the automotive and industrial sectors. The market, valued at approximately $1.5 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 7% from 2025 to 2033. This growth is fueled by several key factors. The rising adoption of advanced tire pressure monitoring systems (TPMS) in vehicles necessitates efficient and reliable inflation solutions, boosting demand for rapid inflators. Furthermore, the increasing prevalence of large-scale tire inflation requirements in commercial vehicles, construction, and mining operations contributes significantly to market expansion. Technological advancements leading to lighter, more compact, and energy-efficient inflators further enhance market appeal. The market is segmented by type (portable, benchtop, other) and application (large tire, small tire), with portable inflators dominating due to their convenience and portability across various applications. Geographic expansion, particularly in developing economies with growing vehicle populations and infrastructure development, presents significant opportunities. However, the market faces certain restraints. High initial investment costs associated with advanced rapid inflators can deter some buyers, particularly smaller businesses and individual consumers. Moreover, safety concerns related to the high-pressure operation of these devices necessitate stringent regulatory compliance and robust quality control measures. Competition among established players and the emergence of new entrants could also impact market dynamics and pricing. The increasing adoption of electric vehicles, while presenting an opportunity in the long-term, may also cause short-term fluctuations due to changes in tire inflation requirements. Nevertheless, the overall market outlook remains positive, with significant growth potential across various segments and geographies throughout the forecast period. The continued development of innovative technologies and expanding applications will further fuel market expansion, making rapid inflators a critical component of the evolving transportation and industrial landscapes.

Inflation in the table below is defined as the percent change in the CPI from the same month last year. The first column of numbers shows the latest value available from the national authorities and the next two columns show the levels of annual inflation three months and one year prior to the latest release. The data are updated daily. Over long stretches of time - typically years - inflation is a byproduct of the expansion of money supply. In the short run the inflation rate fluctuates with economic growth as recessions slow down the increase in prices and rapid output growth accelerates it. Shits in exchange rates, commodity prices, and natural phenomena like droughts also have an impact. Over time, however, these factors have only a transitory effect and the only variable that matters is money supply growth. The control of inflation is delegated to central banks that typically try to balance between relatively low inflation and low unemployment. For more, you can read our articles about optimal inflation and the causes of inflation in the short run and the long run.

As of April 2025, the inflation rate in the European Union was 2.4 percent, with prices rising fastest in Romania, which had an inflation rate of 4.9 percent. By contrast, both France and Cyprus saw low inflation rates during the same period, with France having the lowest inflation rate in the EU during this month. The rate of inflation in the EU in the October 2022 was higher than at any other time, with the peak prior to 2021 recorded in July 2008 when prices were growing by 4.4 percent year-on-year. Before the recent rises in inflation, price rises in the EU had been kept at relatively low levels, with the inflation rate remaining below three percent between January 2012 and August 2021. Rapid recovery and energy costs driving inflation The reopening of the European economy in 2021 following the sudden shock of COVID-19 in 2020 is behind many of the factors that have caused prices to rise so quickly in 2022. Global supply chains have not yet recovered from production issues, travel restrictions, and workforce problems brought about by the pandemic. Rising energy costs have only served to exacerbate supply problems, particularly with regard to the transport sector, which had the highest inflation rate of any sector in the EU in December 2021. High inflation rates mirrored in the U.S. The high inflation rates seen in Europe have been reflected in other parts of the world. In the United States, for example, the consumer price index reached a 40-year-high of seven percent in December 2021, influenced by many of the same factors driving European inflation. Nevertheless, it is hoped that once these supply chain issues ease, inflation levels will start to fall throughout the course of 2022.

Nigeria’s inflation has been higher than the average for African and Sub-Saharan countries for years now, and even exceeded 16 percent in 2017 – and a real, significant decrease is nowhere in sight. The bigger problem is its unsteadiness, however: An inflation rate that is bouncing all over the place, like this one, is usually a sign of a struggling economy, causing prices to fluctuate, and unemployment and poverty to increase. Nigeria’s economy - a so-called “mixed economy”, which means the market economy is at least in part regulated by the state – is not entirely in bad shape, though. More than half of its GDP is generated by the services sector, namely telecommunications and finances, and the country derives a significant share of its state revenues from oil.

Because it got high

To simplify: When the inflation rate rises, so do prices, and consequently banks raise their interest rates as well to cope and maintain their profit margin. Higher interest rates often cause unemployment to rise. In certain scenarios, rising prices can also mean more panicky spending and consumption among end users, causing debt and poverty. The extreme version of this is called hyperinflation: A rapid increase of prices that is out of control and leads to bankruptcies en masse, devaluation of money and subsequently a currency reform, among other things. But does that mean that low inflation is better? Maybe, but only to a certain degree; the ECB, for example, aspires to maintain an inflation rate of about two percent so as to keep the economy stable. As soon as we reach deflation territory, however, things are starting to look grim again. The best course is a stable inflation rate, to avoid uncertainty and rash actions.

Nigeria today

Nigeria is one of the countries with the largest populations worldwide and also the largest economy in Africa, with its economy growing rapidly after a slump in the aforementioned year 2017. It is slated to be one of the countries with the highest economic growth over the next few decades. Demographic key indicators, like infant mortality rate, fertility rate, and the median age of the population, all point towards a bright future. Additionally, the country seems to make big leaps forward in manufacturing and technological developments, and boasts huge natural resources, including natural gas. All in all, Nigeria and its inflation seem to be on the upswing – or on the path to stabilization, as it were.

The Slide Inflation Cylinders market plays a pivotal role across various industrial applications, primarily serving the aerospace, automotive, and manufacturing sectors where precise inflation mechanisms are essential. These specialized products are designed for rapid inflation and deflation, ensuring safety and eff

About this dataset

Context

The dataset illustrates the median household income in Rapid City, 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 Rapid City increased by $3,756 (6.06%), 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 9 years and declined for 4 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 Rapid City median household income. You can refer the same here

About this dataset

Context

The dataset illustrates the median household income in Rapid River township, 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 Rapid River township increased by $16,749 (33.37%), 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 7 years and declined for 6 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 Rapid River township median household income. You can refer the same here

Graph and download economic data for Producer Price Index by Commodity: Transportation Equipment: Street, Subway, Trolley, and Rapid Transit Cars (New and Rebuilt) and Rebuilt Passenger/Freight Cars (WPU1442040202) from Jun 2009 to May 2016 about railroad, transportation, vehicles, equipment, new, commodities, PPI, inflation, price index, indexes, price, and USA.