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An average rate of inflation can be calculated for each year: In 2023, the average rate of inflation was 4.1%. In 2022, the average rate of inflation was 8.0%.
Average Annual Inflation by Decade. Updated December 15, 2020 (Data through November 2020) The Chart below shows the Annual Inflation Rates for each decade. Each bar represents the average Annual Inflation for that decade (not the total cumulative inflation for that 10 year period but how much it increased each year on average during that decade).
The chart and table display some of the average rates of inflation in the United States on a yearly basis through 2024. This information is provided by the U.S. Bureau of Labor Statistics and is published every month in the Consumer Price Index.
U.S. inflation rate for 2022 was 8.00%, a 3.3% increase from 2021. U.S. inflation rate for 2021 was 4.70%, a 3.46% increase from 2020. U.S. inflation rate for 2020 was 1.23%, a 0.58% decline from 2019. Download Historical Data.
Current US Inflation Rates: 2000-2024. The annual inflation rate for the United States was 2.4% for the 12 months ending September, compared to the previous rate increase of 2.5%, according to U.S. Labor Department data published on October 10, 2024.
The U.S. inflation rate by year reflects how much prices change year over year. Year-over-year inflation rates give a clearer picture of price changes than annual average inflation. The Federal Reserve uses monetary policy to achieve its target rate of 2% inflation.
The average year-over-year inflation rate under President Jimmy Carter was 9.9%, the highest inflation rate among U.S. presidents so far.
The table displays historical inflation rates with annual figures from 1914 to the present. These inflation rates are calculated using the Consumer Price Index, which is published monthly by the Bureau of Labor Statistics (BLS) of the U.S. Department of Labor.
The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. Indexes are available for the U.S. and various geographic areas.
Graph and download economic data for Inflation, consumer prices for the United States (FPCPITOTLZGUSA) from 1960 to 2023 about consumer, CPI, inflation, price index, indexes, price, and USA.