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Home  Inflation and Prices  Current US Inflation Rates:

2000-2023

Current US In+ation Rates: 2000-

2023
The annual inflation rate for the United States
was 3.7% for the 12 months ended August,
according to U.S. Labor Department data
published on Sept. 13, 2023. This follows a
rise of 3.2% in the previous period. The next
update on inflation is scheduled for release on
Oct. 12 at 8:30 a.m. ET. It will provide
information on the rate of inflation for the 12
months ended September 2023.

Below is a chart and table displaying annual

US inflation rates for calendar years from
2000 and 2013 to 2023. For inflation rates in
prior years, please refer to historical inflation
rates. If you would like to calculate the
accumulated rates between two different
dates, you can use the US Inflation
Calculator.

Chart: United States Annual Inflation Rates (2013 to 2023)

7
6.5

3.7

2.3
2.1 2.1
1.9
1.5 1.4
0.8 0.7

2013 2015 2017 2019 2021 2023*

2014 2016 2018 2020 2022

*The latest inflation data (12-month based) is

always displayed in the chart’s final column.

Table: Annual Inflation Rates

To find annual inflation rates for a calendar

year, look to the December column. For
instance, the inflation rate in 2022 was 6.5%.
Meanwhile, the "Ave" column shows the
average inflation rate for each year using CPI
data. In 2022, the average inflation rate was
8.0%. 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.

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Year Jan Feb Mar Apr May Jun Jul Au

2023 6.4 6.0 5.0 4.9 4.0 3.0 3.2 3.7

2022 7.5 7.9 8.5 8.3 8.6 9.1 8.5 8.3

2021 1.4 1.7 2.6 4.2 5.0 5.4 5.4 5.3

2020 2.5 2.3 1.5 0.3 0.1 0.6 1.0 1.3

2019 1.6 1.5 1.9 2.0 1.8 1.6 1.8 1.7

2018 2.1 2.2 2.4 2.5 2.8 2.9 2.9 2.7

2017 2.5 2.7 2.4 2.2 1.9 1.6 1.7 1.9

2016 1.4 1.0 0.9 1.1 1.0 1.0 0.8 1.1

2015 -0.1 0.0 -0.1 -0.2 0.0 0.1 0.2 0.2

2014 1.6 1.1 1.5 2.0 2.1 2.1 2.0 1.7

2013 1.6 2.0 1.5 1.1 1.4 1.8 2.0 1.5

2012 2.9 2.9 2.7 2.3 1.7 1.7 1.4 1.7

2011 1.6 2.1 2.7 3.2 3.6 3.6 3.6 3.8

2010 2.6 2.1 2.3 2.2 2.0 1.1 1.2 1.1

2009 0 0.2 -0.4 -0.7 -1.3 -1.4 -2.1 -1.

2008 4.3 4.0 4.0 3.9 4.2 5.0 5.6 5.4

2007 2.1 2.4 2.8 2.6 2.7 2.7 2.4 2.0

2006 4.0 3.6 3.4 3.5 4.2 4.3 4.1 3.8

2005 3.0 3.0 3.1 3.5 2.8 2.5 3.2 3.6

2004 1.9 1.7 1.7 2.3 3.1 3.3 3.0 2.7

2003 2.6 3.0 3.0 2.2 2.1 2.1 2.1 2.2

2002 1.1 1.1 1.5 1.6 1.2 1.1 1.5 1.8

2001 3.7 3.5 2.9 3.3 3.6 3.2 2.7 2.7

2000 2.7 3.2 3.8 3.1 3.2 3.7 3.7 3.4

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*Data Source: U.S. Bureau of Labor

Statistics: All items in U.S. city average, all
urban consumers, not seasonally adjusted.

Calculating Annual Inflation Rates

Annual 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).

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). The result is the difference
between the two CPIs. 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.

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For 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. Divide 5.923 by
236.916, multiply by 100, and add a % sign
to obtain an inflation rate of 2.5% for January
2017.

Chart: Monthly Inflation Rates and

Annual Inflation Rates in the United
States

The following chart displays both the monthly

inflation rates alongside the 12-month
inflation rates since January 2013. The latter
rates are the same as above and are not
seasonally adjusted, while the former are
seasonally adjusted. Both of these rates are
headline figures in monthly Labor Department
reports on consumer prices and inflation. For
further details on the differences between
seasonally adjusted and unadjusted
data, please refer to "Seasonally Adjusted
and Unadjusted Data."

Monthly Inflation Rates and Annual

Inflation Rates (2013-2023)

10%

8%

6%

4%

2%

0%

-2%
3 4 5 7 8 0 1 2
2 01 201 201 201 201 202 202 202
r l r r
ary June mbe Apri mbe ruary July mbe
a nu v e t e b c e
J
No Se
p Fe De
1-Month Inf… 12-Month I…

Table: 1-Month and 12-Month Inflation

Rates (2013-2023)

To present the data in a different format, the

following table displays the same information
as above.

Monthly Annual Inflation

Inflation Rate Rate
Month
(seasonally (not seasonally
adjusted) adjusted)

August
0.6 3.7
2023

July 2023 0.2 3.2

June 2023 0.2 3.0

May 2023 0.1 4.0

April 2023 0.4 4.9

March
0.1 5.0
2023

February
0.4 6.0
2023

January
0.5 6.4
2023

December
0.1 6.5
2022

November
0.2 7.1
2022

October
0.5 7.7
2022

September
0.4 8.2
2022

August
0.2 8.3
2022

July 2022 0.0 8.5

June 2022 1.2 9.1

May 2022 0.9 8.6

April 2022 0.4 8.3

March
1.0 8.5
2022

February
0.7 7.9
2022

January
0.6 7.5
2022

December
0.8 7.0
2021

November
0.8 6.8
2021

October
0.9 6.2
2021

September
0.4 5.4
2021

August
0.4 5.3
2021

July 2021 0.4 5.4

June 2021 0.8 5.4

May 2021 0.7 5.0

April 2021 0.7 4.2

March
0.5 2.6
2021

February
0.4 1.7
2021

January
0.2 1.4
2021

December
0.5 1.4
2020

November
0.2 1.2
2020

October
0.1 1.2
2020

September
0.2 1.4
2020

August
0.4 1.3
2020

July 2020 0.5 1.0

June 2020 0.4 0.6

May 2020 -0.1 0.1

April 2020 -0.8 0.3

March
-0.4 1.5
2020

February
0.1 2.3
2020

January
0.2 2.5
2020

December
0.3 2.3
2019

November
0.2 2.1
2019

October
0.3 1.8
2019

September
0.2 1.7
2019

August
0.1 1.7
2019

July 2019 0.2 1.8

June 2019 -0.1 1.6

May 2019 0.0 1.8

April 2019 0.4 2.0

March
0.3 1.9
2019

February
0.2 1.5
2019

January
0.0 1.6
2019

December
0.1 1.9
2018

November
-0.1 2.2
2018

October
0.2 2.5
2018

September
0.2 2.3
2018

August
0.2 2.7
2018

July 2018 0.1 2.9

June 2018 0.1 2.9

May 2018 0.2 2.8

April 2018 0.3 2.5

March
0.0 2.4
2018

February
0.3 2.2
2018

January
0.4 2.1
2018

December
0.2 2.1
2017

November
0.3 2.2
2017

October
0.1 2.0
2017

September
0.5 2.2
2017

August
0.4 1.9
2017

July 2017 0.0 1.7

June 2017 0.1 1.6

May 2017 -0.1 1.9

April 2017 0.1 2.2

March
0.0 2.4
2017

February
0.2 2.7
2017

January
0.4 2.5
2017

December
0.3 2.1
2016

November
0.1 1.7
2016

October
0.2 1.6
2016

September
0.3 1.5
2016

August
0.2 1.1
2016

July 2016 -0.1 0.8

June 2016 0.3 1.0

May 2016 0.2 1.0

April 2016 0.4 1.1

March
0.3 0.9
2016

February
-0.1 1.0
2016

January
0.0 1.4
2016

December
-0.1 0.7
2015

November
0.1 0.5
2015

October
0.1 0.2
2015

September
-0.2 0.0
2015

August
0.0 0.2
2015

July 2015 0.2 0.2

June 2015 0.3 0.1

May 2015 0.3 0.0

April 2015 0.1 -0.2

March
0.3 -0.1
2015

February
0.3 0.0
2015

January
-0.6 -0.1
2015

December
-0.3 0.8
2014

November
-0.2 1.3
2014

October
0.0 1.7
2014

September
0.0 1.7
2014

August
0.0 1.7
2014

July 2014 0.1 2.0

June 2014 0.1 2.1

May 2014 0.2 2.1

April 2014 0.2 2.0

March
0.2 1.5
2014

February
0.1 1.1
2014

January
0.2 1.6
2014

December
0.3 1.5
2013

November
0.2 1.2
2013

October
0.1 1.0
2013

September
0.0 1.2
2013

August
0.2 1.5
2013

July 2013 0.2 2.0

June 2013 0.2 1.8

May 2013 0.0 1.4

April 2013 -0.2 1.1

March
-0.3 1.5
2013

February
0.5 2.0
2013

January
0.2 1.6
2013

1-Month Data Sources: U.S. Bureau of Labor

Statistics: All items in U.S. city average, all
urban consumers, seasonally adjusted.

12-Month Data Sources: U.S. Bureau of Labor

Statistics: All items in U.S. city average, all
urban consumers, not seasonally adjusted.

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In1ation Rate 3.7%

Consumer Price Index (CPI)

307.026
Released on Sept. 13 for August 2023. Next release
on Oct. 12 for September 2023.

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