United States - monthly inflation rate in May 2022
In May 2022, prices had increased by 8.6 percent compared to May 2021 according to the 12-month percentage of change in the consumer price index, respectively the monthly inflation rate for goods and services in the United States. The data represents U.S. city averages. In economics, the inflation rate is a measure of inflation, the rate of increase of a price index (in the below case: consumer price index). It is the percentage rate of change in price level over time. The rate of decrease in the purchasing power of money is approximately equal.
A projection of the annual U.S. inflation rate can be accessed here and the actual annual inflation rate since 1990 can be accessed here.
Inflation
One of the most important economic indicators is the development of the Consumer Price Index in a country. The change in this price level of goods and services is defined as the rate of inflation.
The annual inflation rate in the United States has increased from 3.2 percent in 2011 to 4.7 percent in 2021. This means that the purchasing power of the U.S. dollar has weakened in recent years. The purchasing power is the extent to which a person has available funds to make purchases.
According to the data published by the International Monetary Fund, the U.S. Consumer Price Index (CPI) was about 258.84 in 2020 and is forecasted to grow up to 298.06 in 2026, compared to the base period from 1982 to 1984.
The monthly percentage change in the Consumer Price Index (CPI) for urban consumers in the United States increased by one percent in May 2022 compared to the previous month.
Compared to other countries the U.S. inflation rate is relatively low. In 2020, Brazil for example had an inflation rate of 3.21 percent, compared to the previous year, while the inflation rate in China stood at 2.39 percent.
A projection of the annual U.S. inflation rate can be accessed here and the actual annual inflation rate since 1990 can be accessed here.
Inflation
One of the most important economic indicators is the development of the Consumer Price Index in a country. The change in this price level of goods and services is defined as the rate of inflation.
The annual inflation rate in the United States has increased from 3.2 percent in 2011 to 4.7 percent in 2021. This means that the purchasing power of the U.S. dollar has weakened in recent years. The purchasing power is the extent to which a person has available funds to make purchases.
According to the data published by the International Monetary Fund, the U.S. Consumer Price Index (CPI) was about 258.84 in 2020 and is forecasted to grow up to 298.06 in 2026, compared to the base period from 1982 to 1984.
The monthly percentage change in the Consumer Price Index (CPI) for urban consumers in the United States increased by one percent in May 2022 compared to the previous month.
Compared to other countries the U.S. inflation rate is relatively low. In 2020, Brazil for example had an inflation rate of 3.21 percent, compared to the previous year, while the inflation rate in China stood at 2.39 percent.
