Inflation of consumer prices in United States of America
United States of America: Inflation of consumer prices was 2.9% in 2024. ◆ Volatile
Inflation of consumer prices in United States of America, 1960–2024
Source: International Monetary Fund (IMF) International Financial Statistics, via World Bank (2026) – processed by Our World in Data. Measured in annual %.
Analysis
In 2024, inflation of consumer prices in United States of America stood at 2.9%.
Compared with earlier readings it is down 28.3% on the previous year and up 81.8% over ten years.
Over the whole period, inflation of consumer prices in United States of America peaked at 13.5% in 1980 and was at its lowest, -0.4%, in 2009.
That places United States of America 97th out of 190 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Inflation of consumer prices in United States of America, year by year
| Year | annual % | Change |
|---|---|---|
| 1960 | 1.5% | — |
| 1961 | 1.1% | -26.6% |
| 1962 | 1.2% | +12.0% |
| 1963 | 1.2% | +3.4% |
| 1964 | 1.3% | +3.2% |
| 1965 | 1.6% | +23.9% |
| 1966 | 3.0% | +90.2% |
| 1967 | 2.8% | -8.0% |
| 1968 | 4.3% | +54.1% |
| 1969 | 5.5% | +27.9% |
| 1970 | 5.8% | +6.9% |
| 1971 | 4.3% | -26.5% |
| 1972 | 3.3% | -23.8% |
| 1973 | 6.2% | +88.8% |
| 1974 | 11.1% | +78.9% |
| 1975 | 9.1% | -17.3% |
| 1976 | 5.7% | -37.2% |
| 1977 | 6.5% | +13.2% |
| 1978 | 7.6% | +17.4% |
| 1979 | 11.3% | +47.5% |
| 1980 | 13.5% | +20.4% |
| 1981 | 10.3% | -23.7% |
| 1982 | 6.1% | -40.7% |
| 1983 | 3.2% | -47.6% |
| 1984 | 4.3% | +33.9% |
| 1985 | 3.5% | -17.6% |
| 1986 | 1.9% | -46.5% |
| 1987 | 3.7% | +93.1% |
| 1988 | 4.1% | +11.3% |
| 1989 | 4.8% | +18.4% |
| 1990 | 5.4% | +11.8% |
| 1991 | 4.2% | -21.5% |
| 1992 | 3.0% | -28.5% |
| 1993 | 3.0% | -2.5% |
| 1994 | 2.6% | -11.7% |
| 1995 | 2.8% | +7.6% |
| 1996 | 2.9% | +4.5% |
| 1997 | 2.3% | -20.2% |
| 1998 | 1.6% | -33.6% |
| 1999 | 2.2% | +41.0% |
| 2000 | 3.4% | +54.3% |
| 2001 | 2.8% | -16.3% |
| 2002 | 1.6% | -43.9% |
| 2003 | 2.3% | +43.1% |
| 2004 | 2.7% | +17.9% |
| 2005 | 3.4% | +26.7% |
| 2006 | 3.2% | -4.9% |
| 2007 | 2.9% | -11.6% |
| 2008 | 3.8% | +34.6% |
| 2009 | -0.4% | -109.3% |
| 2010 | 1.6% | -561.3% |
| 2011 | 3.2% | +92.5% |
| 2012 | 2.1% | -34.4% |
| 2013 | 1.5% | -29.2% |
| 2014 | 1.6% | +10.7% |
| 2015 | 0.1% | -92.7% |
| 2016 | 1.3% | +963.5% |
| 2017 | 2.1% | +68.8% |
| 2018 | 2.4% | +14.7% |
| 2019 | 1.8% | -25.8% |
| 2020 | 1.2% | -31.9% |
| 2021 | 4.7% | +280.8% |
| 2022 | 8.0% | +70.3% |
| 2023 | 4.1% | -48.6% |
| 2024 | 2.9% | -28.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 2.3% | 1.1% | 5.5% | 10 |
| 1970s | 7.1% | 3.3% | 11.3% | 10 |
| 1980s | 5.6% | 1.9% | 13.5% | 10 |
| 1990s | 3.0% | 1.6% | 5.4% | 10 |
| 2000s | 2.6% | -0.4% | 3.8% | 10 |
| 2010s | 1.8% | 0.1% | 3.2% | 10 |
| 2020s | 4.2% | 1.2% | 8.0% | 5 |
Countries ranked near United States of America
More economy & growth data for United States of America
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.63 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.12 Percent per annum (2029)
- Services, value added (current US$), annual growth rate 9.94 % change on previous year (2021)
- Services, value added (current US$), per unit of GDP 0.7626 current US$ per US$ of GDP (2021)
- Services, value added (current US$), per capita 54,478 current US$ per person (2021)
- Services, value added (current LCU), annual growth rate 9.94 % change on previous year (2021)
- Services, value added (current LCU), per unit of GDP 0.7626 current LCU per US$ of GDP (2021)
- Services, value added (current LCU), per capita 54,478 current LCU per person (2021)
- GDP deflator (base year varies by country), annual growth rate 2.8 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 10.53 % change on previous year (2021)
Frequently asked questions
- What is inflation of consumer prices in United States of America?
- Inflation of consumer prices in United States of America was 2.9% in 2024, according to International Monetary Fund (IMF) International Financial Statistics, via World Bank (2026) – processed by Our World in Data.
- What is the highest inflation of consumer prices recorded in United States of America?
- The highest recorded value was 13.5% in 1980.
- What is the lowest inflation of consumer prices recorded in United States of America?
- The lowest recorded value was -0.4% in 2009.
- How does United States of America rank for inflation of consumer prices?
- United States of America ranks 97th out of 190 countries with data for 2024.
- Is inflation of consumer prices rising or falling in United States of America?
- Over the last ten years it is up 81.8%. The long-run trend across the full record is volatile.
- Where does this United States of America data come from?
- The figures come from International Monetary Fund (IMF) International Financial Statistics, via World Bank (2026) – processed by Our World in Data, published as part of Inflation of consumer prices. Statizoid updates them automatically from the source API.
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About this data
Annual changes in the cost to the average consumer of acquiring a set basket of goods and services. This measure is used to track changes in living costs over time.