The latest plotted observation compared with the one immediately before it.
Prices · official observation
United States inflation
The latest available value was 2.9% in 2024. Compared with 2023, the latest value changed by -1.2 pts.
Latest availableWorld Bank sourceNo forecast values
Latest available value2.9%
United States · 2024
Change from 2023-1.2 pts
One period comparison, not annualized
Data statusLatest available
Observed source series
Historical observationsUnited States Inflation
2.9%2024
Explain this chart
Demand, Energy and food costs, Wages
National baskets and methods differ, and a national average can hide large household level differences.
View accessible data table
| Period | Value | Status |
|---|---|---|
| 2024 | 2.9% | observed |
| 2023 | 4.1% | observed |
| 2022 | 8% | observed |
| 2021 | 4.7% | observed |
| 2020 | 1.2% | observed |
| 2019 | 1.8% | observed |
| 2018 | 2.4% | observed |
| 2017 | 2.1% | observed |
| 2016 | 1.3% | observed |
| 2015 | 0.1% | observed |
What this number measures
The annual percentage change in the consumer price index, a basket intended to represent household purchases.
Why people watch it
Inflation changes what income and savings can buy and influences wages, interest rates, and public policy.
- 01Demand
- 02Energy and food costs
- 03Wages
- 04Exchange rates
- 05Supply disruptions
These are common mechanisms, not claims about what caused the latest movement in United States.
Limits of this comparison
National baskets and methods differ, and a national average can hide large household level differences.
Annual observations can refer to different release schedules. Recent values can also be revised by the source.
Source record
World Bank World Development Indicators
Series FP.CPI.TOTL.ZG. Retrieved August 5, 2026. Values remain attributable to the original source.