100+ 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. U.S. annual inflation rate 1990-2023

    • statista.com
    • abripper.com
    Updated Aug 21, 2024
    + more versions
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    Statista (2024). U.S. annual inflation rate 1990-2023 [Dataset]. https://www.statista.com/statistics/191077/inflation-rate-in-the-usa-since-1990/
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    Dataset updated
    Aug 21, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    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.

  3. T

    United States Inflation Rate MoM

    • tradingeconomics.com
    • tr.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Oct 24, 2025
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    TRADING ECONOMICS (2025). United States Inflation Rate MoM [Dataset]. https://tradingeconomics.com/united-states/inflation-rate-mom
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    csv, excel, json, xmlAvailable download formats
    Dataset updated
    Oct 24, 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
    Feb 28, 1947 - Sep 30, 2025
    Area covered
    United States
    Description

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

  4. Average inflation rate in the United Kingdom 1980-2030

    • statista.com
    • abripper.com
    Updated Nov 28, 2025
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    Statista (2025). Average inflation rate in the United Kingdom 1980-2030 [Dataset]. https://www.statista.com/statistics/270384/inflation-rate-in-the-united-kingdom/
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    Dataset updated
    Nov 28, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United Kingdom
    Description

    In 2024, the average inflation rate in the United Kingdom stood at 2.53 percent. Between 1980 and 2024, the figure dropped by 14.32 percentage points, though the decline followed an uneven course rather than a steady trajectory. The inflation is forecast to decline by 0.53 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.

  5. T

    Norway Inflation Rate

    • tradingeconomics.com
    • zh.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Oct 10, 2025
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    TRADING ECONOMICS (2025). Norway Inflation Rate [Dataset]. https://tradingeconomics.com/norway/inflation-cpi
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    excel, csv, json, xmlAvailable download formats
    Dataset updated
    Oct 10, 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, 1950 - Oct 31, 2025
    Area covered
    Norway
    Description

    Inflation Rate in Norway decreased to 3.10 percent in October from 3.60 percent in September of 2025. This dataset provides - Norway Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

  6. T

    Poland Inflation Rate

    • tradingeconomics.com
    • pl.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Nov 28, 2025
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    TRADING ECONOMICS (2025). Poland Inflation Rate [Dataset]. https://tradingeconomics.com/poland/inflation-cpi
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    excel, xml, csv, jsonAvailable download formats
    Dataset updated
    Nov 28, 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, 1992 - Nov 30, 2025
    Area covered
    Poland
    Description

    Inflation Rate in Poland decreased to 2.40 percent in November from 2.80 percent in October of 2025. This dataset provides the latest reported value for - Poland Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

  7. Average inflation rate in Mexico 1980-2030

    • statista.com
    Updated Apr 25, 2014
    + more versions
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    Statista (2014). Average inflation rate in Mexico 1980-2030 [Dataset]. https://www.statista.com/statistics/1392270/average-inflation-rate-mexico/
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    Dataset updated
    Apr 25, 2014
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Mexico
    Description

    In 2024, the average inflation rate in Mexico amounted to 4.72 percent. Between 1980 and 2024, the figure dropped by 21.75 percentage points, though the decline followed an uneven course rather than a steady trajectory. The inflation is forecast to decline by 1.72 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.

  8. 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.

  9. Average inflation rate in Hong Kong 1980-2030

    • statista.com
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    Statista, Average inflation rate in Hong Kong 1980-2030 [Dataset]. https://www.statista.com/statistics/1365695/inflation-rate-in-hong-kong/
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    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Hong Kong
    Description

    In 2024, the average inflation rate in Hong Kong stood at 1.73 percent. Between 1980 and 2024, the figure dropped by 2.71 percentage points, though the decline followed an uneven course rather than a steady trajectory. From 2024 to 2030, the inflation will rise by 0.75 percentage points, showing an overall upward trend with periodic ups and downs.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.

  10. Average inflation rate in Brazil 1980-2030

    • statista.com
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    Statista, Average inflation rate in Brazil 1980-2030 [Dataset]. https://www.statista.com/statistics/1391880/average-inflation-rate-brazil/
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    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Brazil
    Description

    In 2024, the average inflation rate in Brazil was approximately 4.37 percent. Between 1980 and 2024, the figure dropped by around 85.86 percentage points, though the decline followed an uneven course rather than a steady trajectory. The inflation is forecast to decline by about 1.41 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.

  11. y

    UK Inflation Rate

    • ycharts.com
    html
    Updated Oct 22, 2025
    + more versions
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    Office for National Statistics (2025). UK Inflation Rate [Dataset]. https://ycharts.com/indicators/uk_inflation_rate
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    htmlAvailable download formats
    Dataset updated
    Oct 22, 2025
    Dataset provided by
    YCharts
    Authors
    Office for National Statistics
    License

    https://www.ycharts.com/termshttps://www.ycharts.com/terms

    Time period covered
    Jan 31, 1989 - Sep 30, 2025
    Area covered
    United Kingdom
    Variables measured
    UK Inflation Rate
    Description

    View monthly updates and historical trends for UK Inflation Rate. from United Kingdom. Source: Office for National Statistics. Track economic data with YC…

  12. T

    Indonesia Inflation Rate

    • tradingeconomics.com
    • ko.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Nov 3, 2025
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    TRADING ECONOMICS (2025). Indonesia Inflation Rate [Dataset]. https://tradingeconomics.com/indonesia/inflation-cpi
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    csv, json, excel, xmlAvailable download formats
    Dataset updated
    Nov 3, 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
    Nov 30, 1997 - Nov 30, 2025
    Area covered
    Indonesia
    Description

    Inflation Rate in Indonesia decreased to 2.72 percent in November from 2.86 percent in October of 2025. This dataset provides - Indonesia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

  13. Average inflation rate in Israel 1980-2030

    • statista.com
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    Statista, Average inflation rate in Israel 1980-2030 [Dataset]. https://www.statista.com/statistics/375241/inflation-rate-in-israel/
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    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Israel
    Description

    In 2024, the average inflation rate in Israel amounted to 3.07 percent. Between 1980 and 2024, the figure dropped by 313.53 percentage points, though the decline followed an uneven course rather than a steady trajectory. The inflation is forecast to decline by 1.01 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.

  14. I

    India Inflation, annual percent change in the CPI, July, 2025 - data, chart...

    • theglobaleconomy.com
    csv, excel, xml
    Updated Jul 15, 2025
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    Globalen LLC (2025). India Inflation, annual percent change in the CPI, July, 2025 - data, chart | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/India/inflation_annual/
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    excel, csv, xmlAvailable download formats
    Dataset updated
    Jul 15, 2025
    Dataset authored and provided by
    Globalen LLC
    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, 2012 - Jul 31, 2025
    Area covered
    India
    Description

    The latest inflation rate, i.e. the percent change in the CPI from a year ago to now, in India was 1.55 percent. That number was released in . It shows a decrease from the inflation rate in the previous month when it stood at 2.1 percent. Compared to a year ago, we see a decrease from the inflation...

  15. Inflation rate in Japan 1980-2030

    • statista.com
    Updated Nov 28, 2025
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    Statista (2025). Inflation rate in Japan 1980-2030 [Dataset]. https://www.statista.com/statistics/270095/inflation-rate-in-japan/
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    Dataset updated
    Nov 28, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Japan
    Description

    In 2024, Japan had an average inflation rate of 2.74 percent. Japan's inflation rate had hit a record high in 2023 at 3.27 percent, marking the highest rate of inflation in Japan in recent times. However, this figure was still very low compared to most other major economies, such as Japan's fellow G7 members, four of which had inflation rates around six or seven percent in 2023 due to the global inflation crisis. Why is Japan's inflation rate lower? There are a number of contributing factors to Japan's relatively low inflation rate, even during economic crises. Japan eased its Covid restrictions more slowly than most other major economies, this prevented post-pandemic consumer spending that may have driven inflation through supply chain issues caused by higher demand. As the majority of Japan's food and energy comes from overseas, and has done so for decades, the government has mechanisms in place to prevent energy and wheat prices from rising too quickly. Because of this, Japan was able to shield its private sector from many of the negative knock on effects from Russia's invasion of Ukraine, which had a significant impact on both sectors globally. Persistent deflation and national debt An additional factor that has eased the impact of inflation on Japan's economy is the fact that it experienced deflation before the pandemic. Deflation has been a persistent problem in Japan since the asset price bubble burst in 1992, and has been symptomatic of Japan's staggering national debt thereafter. For almost 30 years, a combination of quantitative easing, low interest rates (below 0.5 percent since 1995, and at -0.1% since 2016), and a lack of spending due to low wages and an aging population have combined to give Japan the highest national debt in the world in absolute terms, and second-highest debt in relation to its GDP, after Venezuela. Despite this soaring debt, Japan remains the fourth-largest economy in the world, behind the U.S., China, and Germany.

  16. 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, Netherlands, Liechtenstein, Latvia, United Kingdom, Croatia, Spain, Italy
    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.

  17. 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
    Explore at:
    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.

  18. d

    Year and State-wise Average Inflation (CPI) - General, Food and Beverages,...

    • dataful.in
    Updated Nov 20, 2025
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    Dataful (Factly) (2025). Year and State-wise Average Inflation (CPI) - General, Food and Beverages, Fuel and Light and Housing (Urban) [Dataset]. https://dataful.in/datasets/21426
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    xlsx, application/x-parquet, csvAvailable download formats
    Dataset updated
    Nov 20, 2025
    Dataset authored and provided by
    Dataful (Factly)
    License

    https://dataful.in/terms-and-conditionshttps://dataful.in/terms-and-conditions

    Area covered
    States of India
    Description

    The dataset contains year and state-wise average inflation (CPI) - general, food and beverages, fuel and light, and housing (urban)

    Note: General: 1. Data for Arunachal Pradesh is not available. 2. For calculating State-wise Consumer Price Index (CPI) inflation in 2020-21 the average CPI Index for ten months has been taken due to unavailability of CPI data for the months of April and May 2020. 3. Figures for Jammu & Kashmir from October 2019 pertain to combined Union Territories of Jammu & Kashmir and Ladakh (erstwhile State of Jammu & Kashmir)

    Food and Beverages: 1. Data for Arunachal Pradesh is not available. 2. For 2019-20, annual inflation for all states is calculated using data from April-2019 to February-2020, and for All-India, it is calculated using April-2019 to March-2020 data. 3. For calculating State-wise CPI inflation in 2020-21 the average CPI for eight months has been taken due to unavailability of CPI data for the period April-July 2020. 4. Figures for Jammu & Kashmir from October 2019 pertain to combined Union Territories of Jammu & Kashmir and Ladakh(erstwhile State of Jammu & Kashmir)

    Fuel and Light: 1. Data for Arunachal Pradesh is not available. 2. For 2019-20, annual inflation for all states is calculated using data from April-2019 to February-2020, and for All-India, it is calculated using April-2019 to March-2020 data. 3. For calculating State-wise CPI inflation in 2020-21 the average CPI for eight months has been taken due to unavailability of CPI data for the period April-July 2020. 4. Figures for Jammu & Kashmir from October 2019 pertain to combined Union Territories of Jammu & Kashmir and Ladakh (erstwhile State of Jammu & Kashmir)

    Housing (Urban): 1. Data for Arunachal Pradesh is not available. 2. For 2019-20, annual inflation for all states is calculated using data from April-2019 to February-2020, and for All-India, it is calculated using April-2019 to March-2020 data. 3. For calculating State-wise CPI inflation in 2020-21 the average CPI for eight months has been taken due to unavailability of CPI data for the period April-July 2020. 4. Figures for Jammu & Kashmir from October 2019 pertain to combined Union Territories of Jammu & Kashmir and Ladakh (erstwhile State of Jammu & Kashmir)

  19. U.S. Inflation Rate by Year 1929-2024

    • kaggle.com
    zip
    Updated Aug 9, 2024
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    Sierra (2024). U.S. Inflation Rate by Year 1929-2024 [Dataset]. https://www.kaggle.com/datasets/sierradixon/u-s-inflation-rate-by-year-1929-2024
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    zip(2180 bytes)Available download formats
    Dataset updated
    Aug 9, 2024
    Authors
    Sierra
    Area covered
    United States
    Description

    I was looking for data to add to a visualization about minimum wage in the U.S. over the years and found this inflation rate data useful.

    Investopedia summary: The inflation rate is the percentage change in the price of products and services from one year to the next. Two of the most common ways to measure inflation are the Consumer Price Index (CPI) calculated by the Bureau of Labor Statistics (BLS) and the personal consumption expenditures (PCE) price index from the Bureau of Economic Analysis (BEA). The CPI measures the change in prices paid by U.S. consumers over time, and it is the most popular way to gauge inflation.

  20. P

    Puerto Rico Inflation, annual percent change in the CPI, September, 2025 -...

    • theglobaleconomy.com
    csv, excel, xml
    Updated Jul 12, 2025
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    Globalen LLC (2025). Puerto Rico Inflation, annual percent change in the CPI, September, 2025 - data, chart | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/Puerto-Rico/inflation_annual/
    Explore at:
    csv, xml, excelAvailable download formats
    Dataset updated
    Jul 12, 2025
    Dataset authored and provided by
    Globalen LLC
    License

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

    Time period covered
    Jul 31, 2008 - Sep 30, 2025
    Area covered
    Puerto Rico
    Description

    The latest inflation rate, i.e. the percent change in the CPI from a year ago to now, in Puerto Rico was 1.94 percent. That number was released in . It shows an increase from the inflation rate in the previous month when it stood at 1.68 percent. Compared to a year ago, we see an increase from...

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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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