U.S. Inflation Rates
On this page, U.S. inflation rates since 2000 are charted and detailed in a table.
Historical Inflation Rates
Looking for inflation rates that date back to over a century? This page is for you.
Core Inflation Rates
Core inflation is the change in prices of good and services, minus food and energy items.
Chart: Inflation Rates & Core Inflation Rates
Inflation is an economic phenomenon that refers to a general increase in the prices of goods and services over time. It is a crucial indicator of the economy's health and is closely monitored by policymakers, businesses, and consumers alike. The chart displayed below shows the annual inflation rates and core inflation rates in the United States. The blue line represents the rate at which prices for goods and services have climbed over time, while the red line excludes food and energy items from the calculation.
In the Consumer Price Index (CPI), which measures the average change in prices paid by urban consumers, the rate of inflation is described as the "all items" index, while the rate of core inflation, or underlying inflation, is listed as the "all items less food and energy" index.
The Inflation Calculator provided by following the link offers precise outcomes by presenting the accumulated inflation rate between specific months and years, instead of computing the overall inflation rate for calendar years (or up until the latest month for 2023), which is done by the more widely used calculator above.
Inflation and Prices
Inflation can impact the prices of various goods and services, including groceries and energy. When the overall price level of goods and services in an economy increases, it can lead to an increase in the prices of grocery items such as food, beverages, and household supplies. Similarly, inflation can also affect energy prices, including the cost of electricity, natural gas, and gasoline. To better understand the impact of inflation on these categories, follow the links below.
Why is news and rates for I bonds discussed on a site about inflation? The performance of these bonds is closely linked to the rate of inflation. In fact, Series I savings bonds are a type of U.S. government bond that is designed to protect against inflation. These bonds earn interest based on a combination of a fixed rate and a variable rate that is tied to the rate of inflation, as measured by the Consumer Price Index for Urban Consumers (CPI-U).
Items Adjusted for Inflation
Inflation-adjusted prices for everyday commodities such as gasoline, electricity, eggs, milk, coffee, and bacon have become a major concern for many households in recent times. The increasing cost of these essential goods has put a strain on budgets and impacted the purchasing power of consumers. To better understand the impact of inflation on the prices of these everyday goods, the links below provide information on prices adjusted for inflation.
Electricity Prices Adjusted For Inflation
The average price of electricity per kWH was 16.8 cents in 2023 compared to 15.9 cents in 2022.
Coffee Prices Adjusted For Inflation
The per-pound cost of coffee went up to $6.16 in 2023 from $5.89 in 2022.
Regional Inflation Rates & Metro Area Inflation Calculators
To better understand inflation trends, it is important to look beyond the national level and also analyze data at the regional and metropolitan levels. In the United States, inflation rates can vary significantly across different regions due to differences in local economic conditions, demographics, and other factors.
The chart provided in this context shows the 12-month inflation rates in the United States, as well as in four regions: Northeast, Midwest, West, and South, over the last decade.
Furthermore, in order to understand the impact of inflation on specific metropolitan areas, it is useful to utilize inflation calculators. The links provided here allow users to access inflation calculators for the New York and Los Angeles metro areas.
Gas, Food, and Other Inflation Items
In recent times, the United States has been experiencing a persistent increase in the average price of goods and services. This trend has persisted for several months, giving rise to concerns about inflationary pressures on the economy. To gain a better understanding of how inflation has affected different sectors, it is essential to examine how prices in specific areas have been impacted.
One significant area where inflation has been evident is at the pump. Gas prices have been on an upward trajectory, and the cost of filling up a tank has increased substantially. This increase in fuel costs can be attributed to various factors, including rising demand, reduced supply, and geopolitical tensions.
Food prices are another sector where inflation has been felt. The cost of groceries, especially fresh produce, has been rising steadily. This trend has been driven by various factors, including supply chain disruptions, weather-related events, and increased demand.
Links are available below to explore how inflation has affected different areas, such as prices at the pump, food prices, airline ticket prices, healthcare costs, and more. These resources offer an analysis of the impact of inflation on different sectors of the economy.