The current inflation rate for the United States is 1.7% for the 12 months ended July 2017, as published on August 11, 2017 by the U.S. Labor Department. The next update is scheduled for release on September 14, 2017 at 8:30 a.m. ET. It will offer the rate of inflation over the 12 months ended August 2017.
The chart, graph and table below displays annual US inflation rates for calendar years 2007-2017. Rates of inflation are calculated using the latest Consumer Price Index which is published monthly by the Labor Department’s Bureau of Labor Statistics (BLS). For the latest year, 2017, the most recent monthly data (12-month based) is used in the chart and graph.
Inflation Rates Graph (2007-2017)
Annual Inflation Rates Chart (2007-2017)
Table of Inflation Rates (%) by Month and Year (2000-2017)
Since figures below are 12-month periods, look to the December column to find inflation rates by calendar year. These also appear in the graph and chart above. For example, the rate of inflation in 2016 was 2.1%. The very last column, “Ave,” shows the average inflation rate for each year. They are published by the BLS but are rarely discussed in news media, taking a back seat to a calendar year’s actual rate of inflation.
Calculating Annual Inflation Rates
Annual rates of inflation are calculated using 12-month selections of the BLS’s Consumer Price Index.
For example, to calculate the inflation rate for January 2017, subtract its CPI of "242.839" from last year’s January 2016 CPI of "236.916." The result is "5.923." Divide this number by the January 2016 CPI and then multiply by 100 and add a % sign.
The result is January’s annual inflation rate of 2.5%.