Average Inflation Rates

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. The chart and table were last updated on March 12 with BLS data for February. The next update is scheduled for April 10, which will offer the third reading for 2024.

Generally, more interest is directed toward current inflation rates, at least in terms of what you hear or read from news media, rather than these average rates.

Table: Average Annual U.S. Inflation Rates

Year CPI (Annual Average) Inflation Rate (Annual Average)
2024 309.372 3.2%
2023 304.702 4.1%
2022 292.655 8.0%
2021 270.970 4.7%
2020 258.811 1.2%
2019 255.657 1.8%
2018 251.107 2.4%
2017 245.120 2.1%
2016 240.007 1.3%
2015 237.017 0.1%
2014 236.736 1.6%
2013 232.957 1.5%
2012 229.594 2.1%

Data Source: U.S. Bureau of Labor Statistics: All items in U.S. city average, all urban consumers, not seasonally adjusted.