Inflation Rate 1965-2025

inflation rate for 2023 was 9.32%, a 1.84% increase from 2022.
  • inflation rate for 2022 was 7.48%, a 2.02% increase from 2021.
  • inflation rate for 2021 was 5.46%, a 3.36% increase from 2020.
  • inflation rate for 2020 was 2.10%, a 0.38% decline 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.