For further details on the differences between seasonally adjusted and unadjusted data, please refer to " Seasonally Adjusted and Unadjusted Data." Both of these rates are headline figures in monthly Labor Department reports on consumer prices and inflation. The latter rates are the same as above and are not seasonally adjusted, while the former are seasonally adjusted. The following chart displays both the monthly inflation rates alongside the 12-month inflation rates since January 2013. Divide 5.923 by 236.916, multiply by 100, and add a % sign to obtain an inflation rate of 2.5% for January 2017.Ĭhart: Monthly Inflation Rates and Annual Inflation Rates in the United States Divide this number by the CPI for the previous year, then multiply by 100 and add a percentage sign to obtain the inflation rate for the given month.įor example, to calculate the inflation rate for January 2017, subtract the January 2016 CPI of 236.916 from the January 2017 CPI of 242.839, which yields 5.923. The result is the difference between the two CPIs. To calculate the inflation rate for a specific month, such as January 2017, subtract the CPI for that month of the previous year (in this case, January 2016) from the current CPI (January 2017). city average, all urban consumers, not seasonally adjusted.Īnnual rates of inflation are calculated using 12-month selections of the Consumer Price Index (CPI) which is published monthly by the Labor Department’s Bureau of Labor Statistics ( BLS). Bureau of Labor Statistics: All items in U.S. These average rates are published by the BLS but are rarely discussed in the news media, taking a back seat to the actual rate of inflation for a given calendar year. In 2022, the average inflation rate was 8.0%. Meanwhile, the "Ave" column shows the average inflation rate for each year using CPI data. For instance, the inflation rate in 2022 was 6.5%. To find annual inflation rates for a calendar year, look to the December column. *The latest inflation data (12-month based) is always displayed in the chart’s final column. If you would like to calculate the accumulated rates between two different dates, you can use the US Inflation Calculator.
For inflation rates in prior years, please refer to historical inflation rates. ET, and it will provide information on the rate of inflation over the 12 months ended April 2023.īelow is a chart and table displaying annual US inflation rates for calendar years from 20 to 2023.
Inkling inflation update#
The next inflation update is scheduled for release on May 10 at 8:30 a.m. Labor Department data published April 12, 2023. The annual inflation rate for the United States was 5.0% for the 12 months ended March, following a rise of 6.0% in the previous period, according to U.S.
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