North America Inflation Rate 1960-2024
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
- North America inflation rate for 2023 was 4.00%, a 3.41% decline from 2022.
- North America inflation rate for 2022 was 7.40%, a 3.36% increase from 2021.
- North America inflation rate for 2021 was 4.05%, a 3.07% increase from 2020.
- North America inflation rate for 2020 was 0.98%, a 0.91% decline from 2019.
| North America Inflation Rate - Historical Data |
| Year |
Inflation Rate (%) |
Annual Change |
| 2023 |
4.00% |
-3.41% |
| 2022 |
7.40% |
3.36% |
| 2021 |
4.05% |
3.07% |
| 2020 |
0.98% |
-0.91% |
| 2019 |
1.88% |
-0.47% |
| 2018 |
2.36% |
0.49% |
| 2017 |
1.86% |
0.52% |
| 2016 |
1.35% |
0.72% |
| 2015 |
0.62% |
-1.14% |
| 2014 |
1.76% |
0.56% |
| 2013 |
1.20% |
-0.59% |
| 2012 |
1.79% |
-1.24% |
| 2011 |
3.03% |
1.33% |
| 2010 |
1.71% |
1.74% |
| 2009 |
-0.03% |
-3.13% |
| 2008 |
3.10% |
0.61% |
| 2007 |
2.50% |
-0.12% |
| 2006 |
2.61% |
-0.19% |
| 2005 |
2.80% |
0.54% |
| 2004 |
2.27% |
-0.25% |
| 2003 |
2.51% |
0.59% |
| 2002 |
1.92% |
-0.75% |
| 2001 |
2.68% |
-0.37% |
| 2000 |
3.05% |
1.09% |
| 1999 |
1.96% |
0.69% |
| 1998 |
1.27% |
-0.71% |
| 1997 |
1.98% |
-0.27% |
| 1996 |
2.25% |
-0.23% |
| 1995 |
2.48% |
1.09% |
| 1994 |
1.39% |
-1.02% |
| 1993 |
2.41% |
0.15% |
| 1992 |
2.26% |
-2.67% |
| 1991 |
4.93% |
-0.16% |
| 1990 |
5.09% |
0.18% |
| 1989 |
4.91% |
0.85% |
| 1988 |
4.05% |
0.04% |
| 1987 |
4.01% |
0.96% |
| 1986 |
3.05% |
-0.71% |
| 1985 |
3.75% |
-0.55% |
| 1984 |
4.30% |
-0.24% |
| 1983 |
4.54% |
-3.91% |
| 1982 |
8.45% |
-2.95% |
| 1981 |
11.40% |
-0.44% |
| 1980 |
11.84% |
1.64% |
| 1979 |
10.20% |
1.90% |
| 1978 |
8.30% |
1.06% |
| 1977 |
7.24% |
0.60% |
| 1976 |
6.64% |
-3.26% |
| 1975 |
9.91% |
-1.12% |
| 1974 |
11.03% |
4.19% |
| 1973 |
6.83% |
2.70% |
| 1972 |
4.13% |
0.63% |
| 1971 |
3.50% |
-1.09% |
| 1970 |
4.59% |
-0.42% |
| 1969 |
5.01% |
0.85% |
| 1968 |
4.16% |
0.99% |
| 1967 |
3.18% |
-0.24% |
| 1966 |
3.42% |
1.46% |
| 1965 |
1.96% |
0.36% |
| 1964 |
1.60% |
0.16% |
| 1963 |
1.43% |
0.30% |
| 1962 |
1.13% |
0.09% |
| 1961 |
1.04% |
-0.36% |
| 1960 |
1.41% |
-0.36% |
