United States: Inflation, consumer prices (annual % growth)

Key figures

What the numbers say

In 2024, United States' inflation, consumer prices (annual % growth) fell 1.17 percentage points on 2023 (from 4.12% to 2.95%).

Across the 30 yearly changes before that (1994 to 2023), the average change was +0.04 percentage points and a typical year strayed about 1.62 percentage points from that (the standard deviation). This year's change was 0.7 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 4.88 percentage points in 1974 and the biggest yearly fall was 4.2 percentage points in 1982. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is upward, about 0.49 percentage points a year. A straight line explains 43% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

See how every economy compares in the full ranking.

Closest to United States in the 2024 ranking

• South Sudan — 1st of 6: 91.44%
• Gambia, The — 2nd of 6: 11.56%
• Equatorial Guinea — 4th of 6: 2.92%
• Qatar — 5th of 6: 1.27%
• Afghanistan — 6th of 6: -6.6%

What this measures

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.

Regional and income-group figures are computed by the World Bank as a median.

All 65 values

Inflation, consumer prices (annual % growth) in nearby economies

• Canada — 2.07% (2025)

More financial sector data for United States

• Domestic credit to private sector by banks (% of GDP) — 44.51% (2025)
• Net domestic credit (current LCU) — 32.37 trillion (2025)
• Net foreign assets (current LCU) — 1.26 trillion (2025)
• Monetary sector credit to private sector (% of GDP) — 44.51% (2025)
• Broad money (current LCU) — 30.68 trillion (2025)
• Broad money (% of GDP) — 99.72% (2025)
• Broad money to total reserves ratio — 22.15 (2025)
• Claims on central government, etc. (% of GDP) — 54.19% (2025)
• Domestic credit provided by financial sector (% of GDP) — 262.3% (2025)

Reading data like this

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Questions people ask

What is United States's inflation, consumer prices (annual % growth)?

2.95% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1960?

It is up 1.49 percentage points from 1.46% in 1960. The highest value was 13.55% in 1980 and the lowest -0.36% in 2009.

Is the latest change in inflation, consumer prices (annual % growth) unusual for United States?

In 2024, United States' inflation, consumer prices (annual % growth) fell 1.17 percentage points on 2023 (from 4.12% to 2.95%). Across the 30 yearly changes before that (1994 to 2023), the average change was +0.04 percentage points and a typical year strayed about 1.62 percentage points from that (the standard deviation). This year's change was 0.7 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Where does this data come from?

The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF).

Source

World Bank, World Development Indicators, indicator FP.CPI.TOTL.ZG, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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