United States — Inflation
Inflation, Consumer Prices (Annual %) for United States, 1960–2024.
Latest value · 2024
2.95%
Inflation, Consumer Prices (Annual %) · annual % · +102.3% since 1960
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 96 of 187 economies on this measure (1 = highest), putting it in the top 51%. 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%.
Key figures
Latest (2024)
2.95%
First (1960)
1.46%
Change
+102.3%
Highest
13.55%
in 1980
Lowest
-0.36%
in 2009
Average
3.76%
Annual growth (CAGR)
1.11%
Years of data
65
Recent years
| Year | annual % |
|---|---|
| 2024 | 2.95% |
| 2023 | 4.12% |
| 2022 | 8% |
| 2021 | 4.7% |
| 2020 | 1.23% |
| 2019 | 1.81% |
| 2018 | 2.44% |
| 2017 | 2.13% |
| 2016 | 1.26% |
| 2015 | 0.12% |
| 2014 | 1.62% |
| 2013 | 1.46% |
Reading this correctly. Annual percentage change in the cost to the average consumer of acquiring a basket of goods and services. A negative value means deflation. Figures are in annual %. Comparing this series with a different measure of the same concept (for example a nominal figure against a purchasing-power-parity figure) will give misleading results.
Related data
Source. World Bank Open Data, indicator
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.