Current US inflation rates will skyrocket this year. Annual inflation rate for the United States is 1.4% for the 12 months ended December 2020 as compared to 1.2% previously, according to U.S. Labor Department data published on January 13, 2021. The next update is scheduled for release on February 10, 2021 at 8:30 a.m. ET. It will offer the rate of inflation over the 12 months ended January 2021.
The chart and table below display annual US inflation rates for calendar years from 2000 and 2010 to 2020. (For prior years, see historical inflation rates.) If you would like to calculate accumulated rates between two different dates, use the US Inflation Calculator.
*In 2021, the most recent monthly inflation data (12-month based) will display in the chart.
Table: Annual Inflation Rates by Month and Year
Since figures below are 12-month periods, look to the December column to find inflation rates by calendar year. For example, the rate of inflation in 2020 was 1.4%.
The last column, “Ave,” shows the average inflation rate for each year using CPI data, which was 1.2% in 2020. They are published by the BLS but are rarely discussed in news media, taking a back seat to a calendar year’s actual rate of inflation.
Calculating Annual Inflation Rates
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.” The result is “5.923.” Divide this number by the January 2016 CPI and then multiply by 100 and add a % sign.
The result is January’s annual inflation rate of 2.5%.