United States Inflation Rate 2024: 2.95 %
United States's inflation rate in 2024 is 2.95 %, down 28.3% from 2023. It ranks #89 of 174 countries.
Inflation rate reflects the annual percentage change in the cost of goods and services, influencing purchasing power.
Source (2024): Inflation, consumer prices (annual %)
Inflation Rate over time
| Year | Value | Change | % Change | Actions |
|---|---|---|---|---|
| 2024 | 2.95 % | 1.17 % | -28.35% | |
| 2023 | 4.12 % | 3.89 % | -48.56% | |
| 2022 | 8 % | +3.3 % | +70.35% | |
| 2021 | 4.7 % | +3.46 % | +280.83% | |
| 2020 | 1.23 % | 0.58 % | -31.93% | |
| 2019 | 1.81 % | 0.63 % | -25.81% | |
| 2018 | 2.44 % | +0.31 % | +14.67% | |
| 2017 | 2.13 % | +0.87 % | +68.84% | |
| 2016 | 1.26 % | +1.14 % | +963.49% | |
| 2015 | 0.12 % | 1.5 % | -92.69% | |
| 2014 | 1.62 % | +0.16 % | +10.74% | |
| 2013 | 1.46 % | 0.6 % | -29.21% | |
| 2012 | 2.07 % | 1.09 % | -34.45% | |
| 2011 | 3.16 % | +1.52 % | +92.49% | |
| 2010 | 1.64 % | +2 % | -561.27% | |
| 2009 | -0.36 % | 4.19 % | -109.26% | |
| 2008 | 3.84 % | +0.99 % | +34.58% | |
| 2007 | 2.85 % | 0.37 % | -11.57% | |
| 2006 | 3.23 % | 0.17 % | -4.92% | |
| 2005 | 3.39 % | +0.72 % | +26.73% | |
| 2004 | 2.68 % | +0.41 % | +17.94% | |
| 2003 | 2.27 % | +0.68 % | +43.13% | |
| 2002 | 1.59 % | 1.24 % | -43.88% | |
| 2001 | 2.83 % | — | — |
Frequently Asked Questions About United States Inflation Rate
What is United States's inflation rate in 2024?▾
United States's inflation rate is 2.95 % in 2024, according to Inflation, consumer prices (annual %).
Is United States's inflation rate increasing or decreasing?▾
United States's inflation rate fell by 28.3% from 2023 (4.12 %) to 2024 (2.95 %). Over the past decade (2014–2024) it rose by 81.8%.
How does United States rank for inflation rate?▾
In 2024, United States has the 89th highest inflation rate out of 174 countries with data.
What was United States's inflation rate in 2001?▾
In 2001, United States's inflation rate was 2.83 %. By 2024 it rose by 4.4%.
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