U.S. 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.
- U.S. inflation rate for 2023 was 4.12%, a 3.89% decline from 2022.
- 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.
| U.S. Inflation Rate - Historical Data |
| Year |
Inflation Rate (%) |
Annual Change |
| 2023 |
4.12% |
-3.89% |
| 2022 |
8.00% |
3.30% |
| 2021 |
4.70% |
3.46% |
| 2020 |
1.23% |
-0.58% |
| 2019 |
1.81% |
-0.63% |
| 2018 |
2.44% |
0.31% |
| 2017 |
2.13% |
0.87% |
| 2016 |
1.26% |
1.14% |
| 2015 |
0.12% |
-1.50% |
| 2014 |
1.62% |
0.16% |
| 2013 |
1.46% |
-0.60% |
| 2012 |
2.07% |
-1.09% |
| 2011 |
3.16% |
1.52% |
| 2010 |
1.64% |
2.00% |
| 2009 |
-0.36% |
-4.19% |
| 2008 |
3.84% |
0.99% |
| 2007 |
2.85% |
-0.37% |
| 2006 |
3.23% |
-0.17% |
| 2005 |
3.39% |
0.72% |
| 2004 |
2.68% |
0.41% |
| 2003 |
2.27% |
0.68% |
| 2002 |
1.59% |
-1.24% |
| 2001 |
2.83% |
-0.55% |
| 2000 |
3.38% |
1.19% |
| 1999 |
2.19% |
0.64% |
| 1998 |
1.55% |
-0.79% |
| 1997 |
2.34% |
-0.59% |
| 1996 |
2.93% |
0.13% |
| 1995 |
2.81% |
0.20% |
| 1994 |
2.61% |
-0.34% |
| 1993 |
2.95% |
-0.08% |
| 1992 |
3.03% |
-1.21% |
| 1991 |
4.24% |
-1.16% |
| 1990 |
5.40% |
0.57% |
| 1989 |
4.83% |
0.75% |
| 1988 |
4.08% |
0.41% |
| 1987 |
3.66% |
1.77% |
| 1986 |
1.90% |
-1.65% |
| 1985 |
3.55% |
-0.75% |
| 1984 |
4.30% |
1.09% |
| 1983 |
3.21% |
-2.92% |
| 1982 |
6.13% |
-4.20% |
| 1981 |
10.33% |
-3.21% |
| 1980 |
13.55% |
2.29% |
| 1979 |
11.25% |
3.62% |
| 1978 |
7.63% |
1.13% |
| 1977 |
6.50% |
0.76% |
| 1976 |
5.74% |
-3.40% |
| 1975 |
9.14% |
-1.91% |
| 1974 |
11.05% |
4.88% |
| 1973 |
6.18% |
2.91% |
| 1972 |
3.27% |
-1.02% |
| 1971 |
4.29% |
-1.55% |
| 1970 |
5.84% |
0.38% |
| 1969 |
5.46% |
1.19% |
| 1968 |
4.27% |
1.50% |
| 1967 |
2.77% |
-0.24% |
| 1966 |
3.02% |
1.43% |
| 1965 |
1.59% |
0.31% |
| 1964 |
1.28% |
0.04% |
| 1963 |
1.24% |
0.04% |
| 1962 |
1.20% |
0.13% |
| 1961 |
1.07% |
-0.39% |
| 1960 |
1.46% |
-0.39% |
