81 datasets found
  1. U.S. projected annual inflation rate 2010-2029

    • statista.com
    Updated Nov 19, 2025
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    Statista (2025). U.S. projected annual inflation rate 2010-2029 [Dataset]. https://www.statista.com/statistics/244983/projected-inflation-rate-in-the-united-states/
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    Dataset updated
    Nov 19, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    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 .

  2. Inflation Expectations

    • clevelandfed.org
    csv
    Updated Nov 26, 2025
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    Federal Reserve Bank of Cleveland (2025). Inflation Expectations [Dataset]. https://www.clevelandfed.org/indicators-and-data/inflation-expectations
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    csvAvailable download formats
    Dataset updated
    Nov 26, 2025
    Dataset authored and provided by
    Federal Reserve Bank of Clevelandhttps://www.clevelandfed.org/
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Description

    We report average expected inflation rates over the next one through 30 years. Our estimates of expected inflation rates are calculated using a Federal Reserve Bank of Cleveland model that combines financial data and survey-based measures. Released monthly.

  3. T

    Canada Inflation Rate

    • tradingeconomics.com
    • es.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Nov 17, 2025
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    TRADING ECONOMICS (2025). Canada Inflation Rate [Dataset]. https://tradingeconomics.com/canada/inflation-cpi
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    json, excel, csv, xmlAvailable download formats
    Dataset updated
    Nov 17, 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, 1915 - Oct 31, 2025
    Area covered
    Canada
    Description

    Inflation Rate in Canada decreased to 2.20 percent in October from 2.40 percent in September of 2025. This dataset provides - Canada Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

  4. Inflation Nowcasting Monthly Month-Over-Month

    • clevelandfed.org
    Updated Mar 10, 2017
    + more versions
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    Federal Reserve Bank of Cleveland (2017). Inflation Nowcasting Monthly Month-Over-Month [Dataset]. https://www.clevelandfed.org/indicators-and-data/inflation-nowcasting
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    Dataset updated
    Mar 10, 2017
    Dataset authored and provided by
    Federal Reserve Bank of Clevelandhttps://www.clevelandfed.org/
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Description

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

  5. San Marino Inflation Forecast Dataset

    • focus-economics.com
    html
    Updated Feb 21, 2023
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    FocusEconomics (2023). San Marino Inflation Forecast Dataset [Dataset]. https://www.focus-economics.com/country-indicator/san-marino/inflation/
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    htmlAvailable download formats
    Dataset updated
    Feb 21, 2023
    Dataset authored and provided by
    FocusEconomics
    License

    https://www.focus-economics.com/terms-and-conditions/https://www.focus-economics.com/terms-and-conditions/

    Time period covered
    2008 - 2025
    Area covered
    San Marino
    Variables measured
    forecast, san_marino_inflation
    Description

    Monthly and long-term San Marino Inflation data: historical series and analyst forecasts curated by FocusEconomics.

  6. Global inflation rate from 2000 to 2030

    • abripper.com
    • statista.com
    Updated May 30, 2025
    + more versions
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    Statista Research Department (2025). Global inflation rate from 2000 to 2030 [Dataset]. https://abripper.com/lander/abripper.com/index.php?_=%2Ftopics%2F8378%2Finflation-worldwide%2F%2341%2FknbtSbwPrE1UM4SH%2BbuJY5IzmCy9B
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    Dataset updated
    May 30, 2025
    Dataset provided by
    Statistahttp://statista.com/
    Authors
    Statista Research Department
    Description

    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.

  7. Mali Inflation Forecast Dataset

    • focus-economics.com
    html
    Updated Feb 21, 2023
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    FocusEconomics (2023). Mali Inflation Forecast Dataset [Dataset]. https://www.focus-economics.com/country-indicator/mali/inflation/
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    htmlAvailable download formats
    Dataset updated
    Feb 21, 2023
    Dataset authored and provided by
    FocusEconomics
    License

    https://www.focus-economics.com/terms-and-conditions/https://www.focus-economics.com/terms-and-conditions/

    Time period covered
    2014 - 2025
    Area covered
    Mali
    Variables measured
    forecast, mali_inflation
    Description

    Monthly and long-term Mali Inflation data: historical series and analyst forecasts curated by FocusEconomics.

  8. Rate of inflation for food in the United Kingdom (UK) 2015-2025

    • statista.com
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    Statista, Rate of inflation for food in the United Kingdom (UK) 2015-2025 [Dataset]. https://www.statista.com/statistics/537050/uk-inflation-rate-food-in-united-kingdom/
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    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Mar 2015 - Jul 2025
    Area covered
    United Kingdom
    Description

    In July 2025, the inflation rate for food prices in the United Kingdom was measured at 4.9 percent. A period of continuous deflation between March 2015 and January 2017 preceded a return to a sustained rise in the cost of food from February 2017 onwards. While food prices were deflating between September 2020 and July 2021, they started increasing rapidly from August 2021 to March 2023. The inflation rate started to decline from April 2023, but is picking up again in 2025.Inflation rate and consumer price indexInflation is commonly measured via the consumer price index, which illustrates changes to prices paid by consumers for a representative basket of goods and services. An annualized percentage change in the price index constitutes a measure of inflation. In order to maintain an inflation rate at a stable level, to enable the general public and businesses to plan their spending, the Government set a two percent inflation target for the Bank of England. The discounter boom The increase in food prices in the United Kingdom has shifted shopping behaviors amongst consumers. Value is now key and shoppers are changing their retailer loyalties. Aldi, the German discount supermarket retailer, overtook Morrisons as Great Britain's fourth largest supermarket in September of 2022. Aldi's market share reached double digits for the first time in April 2023. It is yet to be seen if Lidl, Aldi's discounter competitor, can also continue to rise up in the ranks and eventually take over Morrisons as the fifth leading food retailer.

  9. Inflation rate in Vietnam 2010-2030

    • statista.com
    Updated Nov 28, 2025
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    Statista (2025). Inflation rate in Vietnam 2010-2030 [Dataset]. https://www.statista.com/statistics/444749/inflation-rate-in-vietnam/
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    Dataset updated
    Nov 28, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Vietnam
    Description

    In 2024, the average consumer price inflation rate in Vietnam amounted to 3.62 percent compared to the previous year. After a severe drop below one percent in 2015, Vietnam’s inflation seems to have stabilized again and is expected to level off at around 3.3 percent in the next few years. Vietnam’s economic struggles Around 2012, Vietnam suffered the consequences of the global economic crisis and domestic economic mismanagement, which saw enterprises going bankrupt, inflation peaking at over nine percent, and gross domestic product slumping to a dramatic low. Fortunately, the country recovered quickly and seemed out of the red and on a stable path by 2016. Rich in riceVietnam’s economy is largely rooted in services and industry, but around 16 percent of it is generated by agriculture, mainly rice cultivation. Almost half of the Vietnamese workforce is active in this sector. Vietnam is, in fact, one of the largest exporters of rice in the world, but also one of the main consumers. Paddy production in Vietnam has decreased a bit in the last few years, but overall, the country’s economy is perceived to improving.

  10. T

    United States Consumer Inflation Expectations

    • tradingeconomics.com
    • it.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Oct 16, 2025
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    TRADING ECONOMICS (2025). United States Consumer Inflation Expectations [Dataset]. https://tradingeconomics.com/united-states/inflation-expectations
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    json, excel, xml, csvAvailable download formats
    Dataset updated
    Oct 16, 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
    Jun 30, 2013 - Oct 31, 2025
    Area covered
    United States
    Description

    Inflation Expectations in the United States decreased to 3.20 percent in October from 3.40 percent in September of 2025. This dataset provides - United States Consumer Inflation Expectations- actual values, historical data, forecast, chart, statistics, economic calendar and news.

  11. Year-on-year change in CPI in Turkey 2016-2024

    • statista.com
    Updated Nov 28, 2025
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    Statista (2025). Year-on-year change in CPI in Turkey 2016-2024 [Dataset]. https://www.statista.com/statistics/895080/turkey-inflation-rate/
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    Dataset updated
    Nov 28, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jul 2016 - Nov 2024
    Area covered
    Turkey
    Description

    In November 2024, the inflation rate in Turkey corresponded to **** percent. The monthly inflation rate in Turkey reached ***** percent in October 2022, the highest inflation rate recorded during the provided time interval. In June 2023, the year-on-year change in the Consumer Price Index (CPI) was recorded at ***** percent, the lowest since January 2022. Since the second half of 2019, Turkey’s inflation rate has consistently been in double digits, with inflation accelerating at the fastest rate in 2022. High production costs In Turkey, domestic producer price indices have been continuously rising, which has directly resulted in a price increase in all consumer goods and services. Accordingly, the Consumer Price Index (CPI) in all commodity groups increased extremely since 2022. In the same year, the food and non-alcoholic beverages category had one of the highest inflation rates in the CPI. This particularly affected Turkish consumers, as these products accounted for the highest share of household expenditure in 2023. Soaring food prices Since 2020, food prices have increased significantly around the world, and Turkey is no exception. Although inflation has started to slow down recently, food prices in Turkey continue to go up steadily, increasing by **** percent in November 2024 compared to the same month in the previous year. It is not surprising that food inflation has not simmered down, as the producer price index (PPI) of agricultural products followed a constant increasing trend in the country over the past few years.

  12. F

    5-Year Expected Inflation

    • fred.stlouisfed.org
    json
    Updated Oct 24, 2025
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    (2025). 5-Year Expected Inflation [Dataset]. https://fred.stlouisfed.org/series/EXPINF5YR
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    jsonAvailable download formats
    Dataset updated
    Oct 24, 2025
    License

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

    Description

    Graph and download economic data for 5-Year Expected Inflation (EXPINF5YR) from Jan 1982 to Oct 2025 about projection, 5-year, inflation, and USA.

  13. F

    10-Year Expected Inflation

    • fred.stlouisfed.org
    json
    Updated Oct 24, 2025
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    (2025). 10-Year Expected Inflation [Dataset]. https://fred.stlouisfed.org/series/EXPINF10YR
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    jsonAvailable download formats
    Dataset updated
    Oct 24, 2025
    License

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

    Description

    Graph and download economic data for 10-Year Expected Inflation (EXPINF10YR) from Jan 1982 to Oct 2025 about projection, 10-year, inflation, and USA.

  14. CPI annual inflation rate UK 2019-2029

    • statista.com
    Updated Mar 6, 2025
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    Statista Research Department (2025). CPI annual inflation rate UK 2019-2029 [Dataset]. https://www.statista.com/topics/4120/inflation-and-price-indices-in-europe/
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    Dataset updated
    Mar 6, 2025
    Dataset provided by
    Statistahttp://statista.com/
    Authors
    Statista Research Department
    Area covered
    United Kingdom
    Description

    In 2024, the annual inflation rate for the United Kingdom was 2.5 percent, with the average rate for 2025 predicted to rise to 3.2 percent, revised upwards from an earlier prediction of 2.6 percent. The UK has only recently recovered from a period of elevated inflation, which saw the CPI rate reach 9.1 percent in 2022, and 7.3 percent in 2023. Despite an uptick in inflation expected in 2025, the inflation rate is expected to fall to 2.1 percent in 2026, and two percent between 2027 and 2029. UK inflation crisis Between 2021 and 2023, inflation surged in the UK, reaching a 41-year-high of 11.1 percent in October 2022. Although inflation fell to more usual levels by 2024, prices in the UK had already increased by over 20 percent relative to the start of the crisis. The two main drivers of price increases during this time were food and energy inflation, two of the main spending areas of UK households. Although food and energy prices came down quite sharply in 2023, underlying core inflation, which measures prices rises without food and energy, remained slightly above the headline inflation rate throughout 2024, suggesting some aspects of inflation had become embedded in the UK economy. Inflation rises across in the world in 2022 The UK was not alone in suffering from runaway inflation over the last few years. From late 2021 onwards, various factors converged to encourage a global acceleration of prices, leading to the ongoing inflation crisis. Blocked-up supply chains were one of the main factors as the world emerged from the COVID-19 pandemic. This was followed by energy and food inflation skyrocketing after Russia's invasion of Ukraine. Central bank interest rates were raised globally in response to the problem, possibly putting an end to the era of cheap money that has defined monetary policy since the financial crash of 2008.

  15. Consumer price inflation consumption segment indices and price quotes

    • ons.gov.uk
    • cy.ons.gov.uk
    csv
    Updated Nov 19, 2025
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    Office for National Statistics (2025). Consumer price inflation consumption segment indices and price quotes [Dataset]. https://www.ons.gov.uk/economy/inflationandpriceindices/datasets/consumerpriceindicescpiandretailpricesindexrpiitemindicesandpricequotes
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    csvAvailable download formats
    Dataset updated
    Nov 19, 2025
    Dataset provided by
    Office for National Statisticshttp://www.ons.gov.uk/
    License

    Open Government Licence 3.0http://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/
    License information was derived automatically

    Description

    Price quote data (for locally collected data only) and consumption segment indices that underpin consumer price inflation statistics, giving users access to the detailed data that are used in the construction of the UK’s inflation figures. The data are being made available for research purposes only and are not an accredited official statistic. From October 2024, private school fees and part-time education classes have been included in the consumption segment indices file. For more information on the introduction of consumption segments, please see the Consumer Prices Indices Technical Manual, 2019. Note that this dataset was previously called the consumer price inflation item indices and price quotes dataset.

  16. F

    5-Year Breakeven Inflation Rate

    • fred.stlouisfed.org
    json
    Updated Nov 28, 2025
    + more versions
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    (2025). 5-Year Breakeven Inflation Rate [Dataset]. https://fred.stlouisfed.org/series/T5YIE
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    jsonAvailable download formats
    Dataset updated
    Nov 28, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-citation-requiredhttps://fred.stlouisfed.org/legal/#copyright-citation-required

    Description

    Graph and download economic data for 5-Year Breakeven Inflation Rate (T5YIE) from 2003-01-02 to 2025-11-28 about spread, 5-year, interest rate, interest, inflation, rate, and USA.

  17. HICP - inflation rate

    • ec.europa.eu
    • db.nomics.world
    Updated Oct 10, 2025
    + more versions
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    Eurostat (2025). HICP - inflation rate [Dataset]. http://doi.org/10.2908/TEC00118
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    tsv, application/vnd.sdmx.data+xml;version=3.0.0, application/vnd.sdmx.data+csv;version=1.0.0, application/vnd.sdmx.data+csv;version=2.0.0, application/vnd.sdmx.genericdata+xml;version=2.1, jsonAvailable download formats
    Dataset updated
    Oct 10, 2025
    Dataset authored and provided by
    Eurostathttps://ec.europa.eu/eurostat
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    2013 - 2024
    Area covered
    Denmark, Türkiye, Switzerland, Croatia, Liechtenstein, Latvia, Netherlands, United Kingdom, Italy, Spain
    Description

    Harmonised Indices of Consumer Prices (HICPs) are designed for international comparisons of consumer price inflation. HICP is used for example by the European Central Bank for monitoring of inflation in the Economic and Monetary Union and for the assessment of inflation convergence as required under Article 121 of the Treaty of Amsterdam. For the U.S. and Japan national consumer price indices are used in the table.

  18. Guinea Inflation Forecast Dataset

    • focus-economics.com
    html
    Updated Feb 21, 2023
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    FocusEconomics (2023). Guinea Inflation Forecast Dataset [Dataset]. https://www.focus-economics.com/country-indicator/guinea/inflation/
    Explore at:
    htmlAvailable download formats
    Dataset updated
    Feb 21, 2023
    Dataset authored and provided by
    FocusEconomics
    License

    https://www.focus-economics.com/terms-and-conditions/https://www.focus-economics.com/terms-and-conditions/

    Time period covered
    2014 - 2025
    Area covered
    Guinea
    Variables measured
    forecast, guinea_inflation
    Description

    Monthly and long-term Guinea Inflation data: historical series and analyst forecasts curated by FocusEconomics.

  19. T

    Australia Inflation Rate

    • tradingeconomics.com
    • jp.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Nov 26, 2025
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    TRADING ECONOMICS (2025). Australia Inflation Rate [Dataset]. https://tradingeconomics.com/australia/inflation-cpi
    Explore at:
    csv, excel, json, xmlAvailable download formats
    Dataset updated
    Nov 26, 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
    Sep 30, 1949 - Oct 31, 2025
    Area covered
    Australia
    Description

    Inflation Rate in Australia increased to 3.80 percent in the fourth quarter of 2025 from 3.20 percent in the third quarter of 2025. This dataset provides the latest reported value for - Australia Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

  20. Inflation rate in EU and Euro area 2030

    • statista.com
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    Statista, Inflation rate in EU and Euro area 2030 [Dataset]. https://www.statista.com/statistics/267908/inflation-rate-in-eu-and-euro-area/
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    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    European Union
    Description

    The statistic shows the inflation rate in the European Union and the Euro area from 2020 to 2024, with projections up until 2030. The term inflation, also known as currency devaluation (drop in the value of money), is characterized by a steady rise in prices for finished products (consumer goods, capital goods). The consumer price index tracks price trends of private consumption expenditure, and shows an increase in the index's current level of inflation. In 2024, the inflation rate in the EU was about 2.56 percent compared to the previous year. The economic situation in the European Union and the euro area The ongoing Eurozone crisis, which initially emerged in 2009, has dramatically affected most countries in the European Union. The crisis primarily prevented many countries from refinancing their debt without help from a third party and slowed economic growth throughout the entire EU. As a result, general gross debt escalated annually in the euro area and more prominently in the EU. The collective sum of debt is most likely going to continue, given the current global economic situation as well as Europe’s recovering, however struggling economy. Struggles are primarily evident in the EU’s budget balance, which saw itself in the negative every year over the same timeframe as the eurozone crisis, although the balances improved on a yearly basis. Despite economical struggles, the EU still grew in population almost every year over the past decade, primarily due to a high standard of living and job opportunities, compared to many of its surrounding neighbors.

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Statista (2025). U.S. projected annual inflation rate 2010-2029 [Dataset]. https://www.statista.com/statistics/244983/projected-inflation-rate-in-the-united-states/
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U.S. projected annual inflation rate 2010-2029

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49 scholarly articles cite this dataset (View in Google Scholar)
Dataset updated
Nov 19, 2025
Dataset authored and provided by
Statistahttp://statista.com/
Area covered
United States
Description

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 .

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