📉 US Inflation History
Annual US inflation rates based on the Consumer Price Index for All Urban Consumers (CPI-U) from 1980 to 2024. The Federal Reserve targets approximately 2% annual inflation over the long run.
Source: US Bureau of Labor Statistics (BLS), CPI-U, annual average. Figures are approximate.
2022 Peak (recent)
8.0%
40-year high
Fed Target
~2.0%
Long-run goal
1980 High
13.5%
Oil shock era
| Year | Inflation Rate (CPI-U) |
|---|---|
| 2024 | 2.9% |
| 2023 | 3.4% |
| 2022 | 8.0% |
| 2021 | 4.7% |
| 2020 | 1.2% |
| 2019 | 2.3% |
| 2018 | 2.4% |
| 2017 | 2.1% |
| 2016 | 2.1% |
| 2015 | 0.1% |
| 2014 | 1.6% |
| 2013 | 1.5% |
| 2012 | 2.1% |
| 2011 | 3.2% |
| 2010 | 1.6% |
| 2009 | −0.4% |
| 2008 | 3.8% |
| 2007 | 2.8% |
| 2006 | 3.2% |
| 2005 | 3.4% |
| 2004 | 2.7% |
| 2003 | 2.3% |
| 2002 | 1.6% |
| 2001 | 2.8% |
| 2000 | 3.4% |
| 1999 | 2.2% |
| 1998 | 1.6% |
| 1997 | 2.3% |
| 1996 | 3.0% |
| 1995 | 2.8% |
| 1994 | 2.6% |
| 1993 | 3.0% |
| 1992 | 3.0% |
| 1991 | 4.2% |
| 1990 | 5.4% |
| 1989 | 4.8% |
| 1988 | 4.1% |
| 1987 | 3.6% |
| 1986 | 1.9% |
| 1985 | 3.6% |
| 1984 | 4.3% |
| 1983 | 3.2% |
| 1982 | 6.2% |
| 1981 | 10.3% |
| 1980 | 13.5% |