Inflation Rate (CPI): United States
Current Value (2024)
2.9%
All-Time Peak (1980)
13.5%
All-Time Low (2009)
-0.4%
Inflation Rate (CPI) — United States
Analysis# U.S. Inflation Rate Analysis (1960–2024)
The U.S. inflation rate has declined dramatically from its 1980 peak of 13.55%, driven primarily by Federal Reserve Chairman Paul Volcker's aggressive rate hikes that ended the stagflation crisis of the 1970s, with the current 2024 rate of 2.95% reflecting a return to near-target levels following the post-pandemic spike. The 2009 deflation low of -0.36% captures the deflationary pressures of the Great Recession, representing the only sustained negative inflation period in the dataset and contrasting sharply with the volatile 1970s-1980
Historical Data
| Year | Value | Change % |
|---|---|---|
| 2024 | 2.9% | -28.35% |
| 2023 | 4.1% | -48.56% |
| 2022 | 8.0% | +70.35% |
| 2021 | 4.7% | +280.83% |
| 2020 | 1.2% | -31.93% |
| 2019 | 1.8% | -25.81% |
| 2018 | 2.4% | +14.67% |
| 2017 | 2.1% | +68.84% |
| 2016 | 1.3% | +963.49% |
| 2015 | 0.1% | -92.69% |
| 2014 | 1.6% | +10.74% |
| 2013 | 1.5% | -29.21% |
| 2012 | 2.1% | -34.45% |
| 2011 | 3.2% | +92.49% |
| 2010 | 1.6% | +561.27% |
| 2009 | -0.4% | -109.26% |
| 2008 | 3.8% | +34.58% |
| 2007 | 2.9% | -11.57% |
| 2006 | 3.2% | -4.92% |
| 2005 | 3.4% | +26.73% |
Show all 65 rows
| Year | Value | Change % |
|---|---|---|
| 2004 | 2.7% | +17.94% |
| 2003 | 2.3% | +43.13% |
| 2002 | 1.6% | -43.88% |
| 2001 | 2.8% | -16.31% |
| 2000 | 3.4% | +54.33% |
| 1999 | 2.2% | +40.96% |
| 1998 | 1.6% | -33.60% |
| 1997 | 2.3% | -20.25% |
| 1996 | 2.9% | +4.48% |
| 1995 | 2.8% | +7.59% |
| 1994 | 2.6% | -11.66% |
| 1993 | 3.0% | -2.55% |
| 1992 | 3.0% | -28.48% |
| 1991 | 4.2% | -21.55% |
| 1990 | 5.4% | +11.83% |
| 1989 | 4.8% | +18.37% |
| 1988 | 4.1% | +11.27% |
| 1987 | 3.7% | +93.07% |
| 1986 | 1.9% | -46.47% |
| 1985 | 3.5% | -17.55% |
| 1984 | 4.3% | +33.87% |
| 1983 | 3.2% | -47.61% |
| 1982 | 6.1% | -40.67% |
| 1981 | 10.3% | -23.72% |
| 1980 | 13.5% | +20.39% |
| 1979 | 11.3% | +47.48% |
| 1978 | 7.6% | +17.37% |
| 1977 | 6.5% | +13.17% |
| 1976 | 5.7% | -37.17% |
| 1975 | 9.1% | -17.29% |
| 1974 | 11.1% | +78.95% |
| 1973 | 6.2% | +88.79% |
| 1972 | 3.3% | -23.77% |
| 1971 | 4.3% | -26.47% |
| 1970 | 5.8% | +6.88% |
| 1969 | 5.5% | +27.87% |
| 1968 | 4.3% | +54.06% |
| 1967 | 2.8% | -8.04% |
| 1966 | 3.0% | +90.21% |
| 1965 | 1.6% | +23.95% |
| 1964 | 1.3% | +3.17% |
| 1963 | 1.2% | +3.41% |
| 1962 | 1.2% | +11.96% |
| 1961 | 1.1% | -26.56% |
| 1960 | 1.5% | — |