Inflation Rate 1986-2025

inflation rate for 2023 was 7.25%, a 1.52% decline from 2022.
  • inflation rate for 2022 was 8.78%, a 4.55% increase from 2021.
  • inflation rate for 2021 was 4.22%, a 0.82% increase from 2020.
  • inflation rate for 2020 was 3.40%, a 1.02% increase from 2019.
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.