Projected annual inflation rate in the United States 2010-2027
This statistic shows the annual inflation rate in the U.S. from 2010 to 2021 with additional projections up to 2027. The data represents U.S. city averages. The base period was 1982-84. In economics, the inflation rate is a measurement of inflation, the rate of increase of a price index (in this case: consumer price index). It is the percentage rate of change in prices level over time. The rate of decrease in the purchasing power of money is approximately equal. According to the forecast, prices will increase by 7.68 percent in 2022.
The annual inflation rate for previous years can be found here and the consumer price index for all urban consumers here.
The monthly inflation rate for the United States can also be accessed here.
Inflation in the U.S.
Inflation is a term used to describe a general rise in the price of goods and services in an economy over a given period of time. Inflation in the United States is calculated using the consumer price index (CPI). The consumer price index is a measure of change in the price level of a preselected market basket of consumer goods and services purchased by households.
This forecast of U.S. inflation was prepared by the International Monetary Fund. They project a spike in the inflation rate for 2022, followed by a decrease to around roughly two percent annual rise in the general level of prices until 2027. This means that a product bought today for about 100 U.S. dollars will cost about 107.68 U.S. dollars next year, and so on. Considering the annual inflation rate in the United States in 2021, a two percent inflation rate is a very moderate projection.
The current spike in inflation in the United States and worldwide is being attributed to the re-opening of economies as the COVID-19 pandemic wanes, the disruption of supply chains due to the war in Ukraine, and pandemic related changes in the labor force. Although the moderate inflation of prices between two and three percent is considered normal in a modern economy, countries’ central banks try to prevent severe inflation and deflation to keep the growth of prices to a minimum. Severe inflation is considered dangerous to a country’s economy because it can rapidly diminish the population’s purchasing power and thus damage the GDP .
The annual inflation rate for previous years can be found here and the consumer price index for all urban consumers here.
The monthly inflation rate for the United States can also be accessed here.
Inflation in the U.S.
Inflation is a term used to describe a general rise in the price of goods and services in an economy over a given period of time. Inflation in the United States is calculated using the consumer price index (CPI). The consumer price index is a measure of change in the price level of a preselected market basket of consumer goods and services purchased by households.
This forecast of U.S. inflation was prepared by the International Monetary Fund. They project a spike in the inflation rate for 2022, followed by a decrease to around roughly two percent annual rise in the general level of prices until 2027. This means that a product bought today for about 100 U.S. dollars will cost about 107.68 U.S. dollars next year, and so on. Considering the annual inflation rate in the United States in 2021, a two percent inflation rate is a very moderate projection.
The current spike in inflation in the United States and worldwide is being attributed to the re-opening of economies as the COVID-19 pandemic wanes, the disruption of supply chains due to the war in Ukraine, and pandemic related changes in the labor force. Although the moderate inflation of prices between two and three percent is considered normal in a modern economy, countries’ central banks try to prevent severe inflation and deflation to keep the growth of prices to a minimum. Severe inflation is considered dangerous to a country’s economy because it can rapidly diminish the population’s purchasing power and thus damage the GDP .
