United States — Inflation
Inflation, Consumer Prices (Annual %) for United States, 1960–2024.
Inflation for United States was 2.95% in 2024, according to the latest World Bank data. The series covers 65 years, from 1960 to 2024. The highest recorded value was 13.55% in 1980. The lowest was -0.36% in 2009 (about -8.3× the low point). Across that span the compound annual growth rate works out to 1.11% per year.
United States ranks 97 of 187 economies on this measure (1 = highest), putting it in the top 52%. The median for North America is 2.95%, so United States sits level with it. It peaked in 1980 and has fallen 78% since. Over the last decade (2014–2024) the figure moved up 82%. Its sharpest one-year move was up 963% in 2016. That is 7% above this series' own ten-year average.
Data highlights
From its 1960 level: doubled by 1966. Doubling roughly every 63 years at that pace.
World ranking. Slipped: 38th of 63 in 1960 → 31st of 92 in 1970 → 60th of 106 in 1980 → 87th of 131 in 1990 → 84th of 163 in 2000 → 136th of 186 in 2010 → 106th of 178 in 2020 → 89th of 175 in 2024.
Key figures
Full history — 1960 to 2024
| Year | annual % | Change |
|---|---|---|
| 2024 | 2.95% | -1.2 pp |
| 2023 | 4.12% | -3.9 pp |
| 2022 | 8% | +3.3 pp |
| 2021 | 4.7% | +3.5 pp |
| 2020 | 1.23% | -0.6 pp |
| 2019 | 1.81% | -0.6 pp |
| 2018 | 2.44% | +0.3 pp |
| 2017 | 2.13% | +0.9 pp |
| 2016 | 1.26% | +1.1 pp |
| 2015 | 0.12% | -1.5 pp |
| 2014 | 1.62% | +0.2 pp |
| 2013 | 1.46% | -0.6 pp |
| 2012 | 2.07% | -1.1 pp |
| 2011 | 3.16% | +1.5 pp |
| 2010 | 1.64% | +2.0 pp |
| 2009 | -0.36% | -4.2 pp |
| 2008 | 3.84% | +1.0 pp |
| 2007 | 2.85% | -0.4 pp |
| 2006 | 3.23% | -0.2 pp |
| 2005 | 3.39% | +0.7 pp |
| 2004 | 2.68% | +0.4 pp |
| 2003 | 2.27% | +0.7 pp |
| 2002 | 1.59% | -1.2 pp |
| 2001 | 2.83% | -0.6 pp |
| 2000 | 3.38% | +1.2 pp |
| 1999 | 2.19% | +0.6 pp |
| 1998 | 1.55% | -0.8 pp |
| 1997 | 2.34% | -0.6 pp |
| 1996 | 2.93% | +0.1 pp |
| 1995 | 2.81% | +0.2 pp |
| 1994 | 2.61% | -0.3 pp |
| 1993 | 2.95% | -0.1 pp |
| 1992 | 3.03% | -1.2 pp |
| 1991 | 4.23% | -1.2 pp |
| 1990 | 5.4% | +0.6 pp |
| 1989 | 4.83% | +0.7 pp |
| 1988 | 4.08% | +0.4 pp |
| 1987 | 3.66% | +1.8 pp |
| 1986 | 1.9% | -1.6 pp |
| 1985 | 3.55% | -0.8 pp |
| 1984 | 4.3% | +1.1 pp |
| 1983 | 3.21% | -2.9 pp |
| 1982 | 6.13% | -4.2 pp |
| 1981 | 10.33% | -3.2 pp |
| 1980 | 13.55% | +2.3 pp |
| 1979 | 11.25% | +3.6 pp |
| 1978 | 7.63% | +1.1 pp |
| 1977 | 6.5% | +0.8 pp |
| 1976 | 5.74% | -3.4 pp |
| 1975 | 9.14% | -1.9 pp |
| 1974 | 11.05% | +4.9 pp |
| 1973 | 6.18% | +2.9 pp |
| 1972 | 3.27% | -1.0 pp |
| 1971 | 4.29% | -1.5 pp |
| 1970 | 5.84% | +0.4 pp |
| 1969 | 5.46% | +1.2 pp |
| 1968 | 4.27% | +1.5 pp |
| 1967 | 2.77% | -0.2 pp |
| 1966 | 3.02% | +1.4 pp |
| 1965 | 1.59% | +0.3 pp |
| 1964 | 1.28% | +0.0 pp |
| 1963 | 1.24% | +0.0 pp |
| 1962 | 1.2% | +0.1 pp |
| 1961 | 1.07% | -0.4 pp |
| 1960 | 1.46% | — |
Frequently asked questions
What was United States’s Inflation in 1961?
1.07% (1961). The full year-by-year table above lists every published year, most recent first.
Are changes in this series measured in percentage points?
Yes. The series is a share expressed in annual %, so year-over-year movements in the Change column are percentage points (pp), not percent.
Is United States’s Inflation growing or shrinking?
Between 1960 and 2024 the series was growing overall: +102.3% in total — about 1.1% a year compounded.
Where does this data come from?
World Bank Open Data (CC BY-4.0), indicator FP.CPI.TOTL.ZG. Values are reproduced as published; this page only computes summary statistics such as change, CAGR and extremes.
What are the most recent published figures?
The last five published years: 2024: 2.95%; 2023: 4.12%; 2022: 8%; 2021: 4.7%; 2020: 1.23%. Earlier years are in the full-history table below.
Related data
FP.CPI.TOTL.ZG — Inflation, Consumer Prices (Annual %). Data licensed under CC BY 4.0. Values are reproduced as published; this page computes the summary statistics (change, CAGR, extremes) from the underlying annual series. View the original dataset on data.worldbank.org.