The current inflation rate for the United States is 2.9% for the 12 months ended June 2018, as published on July 12, 2018 by the U.S. Labor Department. The next inflation update is scheduled for release on August 10, 2018 at 8:30 a.m. ET. It will offer the rate of inflation over the 12 months ended July 2018.
The chart and table below display annual US inflation rates for calendar years from 2000 and 2008 to 2018. (For prior years, see historical inflation rates.) If you would like to calculate accumulated rates between two different dates, use the US Inflation Calculator.
*For 2018, the most recent inflation monthly data (12-month based) is displayed in the chart.
Table: Annual Inflation Rates by Month and Year
Since figures below are 12-month periods, look to the December column to find inflation rates by calendar year. For example, the rate of inflation in 2017 was 2.1%.
The 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
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%.