U.S. inflation rate for 2023 was 4.12%, a 3.89% decline from 2022.
U.S. inflation rate for 2022 was 8.00%, a 3.3% increase from 2021.
U.S. inflation rate for 2021 was 4.70%, a 3.46% increase from 2020.
U.S. inflation rate for 2020 was 1.23%, a 0.58% 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.
