Services Inflation in the United States remained unchanged at 3.70 percent in May. This dataset includes a chart with historical data for the United States Services Inflation.

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

Graph and download economic data for Consumer Price Index for All Urban Consumers: Services Less Energy Services in U.S. City Average (CUUR0000SASLE) from Jan 1957 to May 2025 about energy, urban, consumer, services, CPI, inflation, price index, indexes, price, and USA.

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.

In October 2022, the majority of the population in Argentina believes that inflation could be solved through the intermediate agreement among the government with the opposition parties accounted with the 37.3 percent, followed by the approximated values of one third of the citizens with confrontation and finding no solution to it.

Quarterly estimates monitoring the changes in prices charged for services provided to UK-based customers for a range of industries.

The Consumer Price Index (CPI) of the services sector in Mexico stood at ****** points in May 2025, when compared with the prices of the second half of July 2018, indicating that the cost of services had increased by ***** percent in seven years. The services sector ranked among the categories with the highest inflation rate in Mexico.

The inflation rate for miscellaneous goods and services in the Republic of Ireland in June 2025 was *** percent, down from *** percent in the previous month.

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.

Graph and download economic data for Research Consumer Price Index: Other Goods and Services (CPIEOTRGS) from Dec 1982 to May 2025 about 62 and older, consumer prices, consumer, goods, services, CPI, inflation, price index, indexes, price, and USA.

Services Inflation in France increased to 2.40 percent in June from 2.10 percent in May of 2025. This dataset includes a chart with historical data for France Services Inflation.

Services Inflation in Canada decreased to 3.20 percent in May from 3.50 percent in April of 2025. This dataset includes a chart with historical data for Canada Services Inflation.

Services Inflation in Italy decreased to 2.60 percent in May from 3 percent in April of 2025. This dataset includes a chart with historical data for Italy Services Inflation.

Services Inflation in Taiwan decreased to 1.88 percent in June from 2.07 percent in May of 2025. This dataset includes a chart with historical data for Taiwan Services Inflation.

Services Inflation in Germany decreased to 3.30 percent in June from 3.40 percent in May of 2025. This dataset includes a chart with historical data for Germany Services Inflation.

In May 2025, the UK inflation rate for goods was two percent and 4.7 percent for services. Prices for goods accelerated significantly, sharply between in 2021 and 2022 before falling in 2023. By comparison, prices for services initially grew at a more moderate rate, but have also not fallen as quickly. The overall CPI inflation rate for the UK reached a recent high of 11.1 percent in October 2022 and remained in double-figures until April 2023, when it fell to 8.7 percent. As of this month, the UK's inflation rate was 2.6 percent, down from 2.8 percent in the previous month. Sectors driving high inflation In late 2024, communication was the sector with the highest inflation rate, with prices increasing by 6.1 percent as of December 2024. During the recent period of high inflation that eased in 2023, food and energy prices were particular high, with housing and energy inflation far higher than in any other sector, peaking at 26.6 percent towards the end of 2022. High food and energy prices since 2021 have been one of the main causes of the cost of living crisis in the UK, especially for low-income households that spend a higher share of their income on these categories. This is likely one of the factors driving increasing food bank usage in the UK, which saw approximately 3.12 million people use a food bank in 2023/24, compared with 1.9 million just before the COVID-19 pandemic. The global inflation crisis The UK has not been alone in suffering rapid price increases since 2021. After the start of the COVID-19 pandemic, a series of economic and geopolitical shocks had a dramatic impact on the global economy. A global supply chain crisis failed to meet rising demand in 2021, leading to the beginning of an Inflation Crisis, which was only exacerbated by Russia's invasion of Ukraine in February 2022. The war directly influenced the prices of food and energy, as both countries were major exporters of important crops. European imports of hydrocarbons from Russia were also steadily reduced throughout 2022 and 2023, resulting in higher energy prices throughout the year.

Services Inflation in Denmark increased to 2.50 percent in June from 2.10 percent in May of 2025. This dataset includes a chart with historical data for Denmark Services Inflation.

Services Inflation in Australia decreased to 3.70 percent in the first quarter of 2025 from 4.30 percent in the fourth quarter of 2024. This dataset includes a chart with historical data for Australia Services Inflation.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Professional Services in U.S. City Average (CUSR0000SEMC) from Jan 1980 to May 2025 about professional, urban, consumer, services, CPI, inflation, price index, indexes, price, and USA.

Services Inflation in Japan increased to 1.40 percent in May from 1.30 percent in April of 2025. This dataset includes a chart with historical data for Japan Services Inflation.