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Further related statistics. Further Content: You might find this interesting as well. Learn more about how Statista can support your business. Bureau of Labor Statistics. June 30, United States: Inflation rate from to [Graph]. In Statista.
Accessed November 14, In other words, a dollar will pay for fewer items at the store. This effect explains how inflation erodes the value of a dollar over time.
According to the Bureau of Labor Statistics, each of these USD amounts below is equal in terms of what it could buy at the time:. This conversion table shows various other amounts in today's dollars, based on the Inflation can vary widely by city, even within the United States. San Diego, California experienced the highest rate of inflation during the 11 years between and 3.
Philadelphia, Pennsylvania experienced the lowest rate of inflation during the 11 years between and 1. Inflation can also vary widely by country. CPI is the weighted combination of many categories of spending that are tracked by the government. Breaking down these categories helps explain the main drivers behind price changes. This chart shows the average rate of inflation for select CPI categories between and The graph below compares inflation in categories of goods over time.
Click on a category such as "Food" to toggle it on or off:. For all these visualizations, it's important to note that not all categories may have been tracked since This table and charts use the earliest available data for each category. Your Practice. Popular Courses. Wealth Lifestyle Advice. Part Of. Understanding Inflation. Types of Inflation. What Does Inflation Impact?
Understanding Hyperinflation. Understanding CPI. Related Terms A-I. Related Terms J-Z. Key Takeaways The U. It was initially known as the Cost-of-Living Index. The CPI was developed, in part, to make sure that workers were paid a living wage. Several different CPIs are used today for different purposes.
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Exclusive Corporate feature. Corporate Account. Statista Accounts: Access All Statistics. Basic Account. You only have access to basic statistics. Single Account. The ideal entry-level account for individual users. Corporate solution including all features. The most important statistics. Further related statistics. Further Content: You might find this interesting as well.
Topics Consumer Price Index and inflation rate in the U. Learn more about how Statista can support your business.
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