Dashboards

US Inflation

US CPI Dashboard

Consumer Price Index (CPI)

CPI: Housing

CPI: Food

CPI: Commodities

Current inflation

3.36%in the US compared to last year.

CPI Calendar: The next CPI report is on June 12th

What is inflation?

Inflation is the rate of increase in prices over a given period of time. Inflation is typically a broad measure, such as the overall increase in prices or the increase in the cost of living in a country.

Source: imf.org

In economics, inflation is an increase in the general price level of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

Source: wikipedia.org

Inflation is a sustained increase in the general price level of goods and services in an economy over a period of time. This increase in prices reduces the purchasing power of money, as each unit of currency buys fewer goods and services.

Source: chat.openai.com

What causes inflation?

There are several factors that can cause inflation:

  • Increase in the supply of money:

    When the supply of money increases faster than the supply of goods and services, the value of money decreases, leading to higher prices.

  • Increase in government spending:

    If the government increases spending without a corresponding increase in the production of goods and services, it can lead to higher prices.

  • Decrease in the production of goods and services:

    If there is a decrease in the production of goods and services, the demand for these goods and services may outstrip the supply, leading to higher prices.

  • Increase in the cost of production:

    If the cost of producing goods and services increases, companies may pass on these costs to consumers in the form of higher prices.

  • Increase in the demand for goods and services:

    If the demand for goods and services increases faster than the supply, it can lead to higher prices.

  • Changes in exchange rates:

    If the value of a country's currency decreases relative to other currencies, it can lead to higher prices for imported goods, which can contribute to overall inflation.

  • Changes in taxes:

    If the government increases taxes, it can lead to higher prices for goods and services.

  • Changes in wages:

    If wages increase faster than the cost of production, companies may pass on the higher labor costs to consumers in the form of higher prices.

How to protect your capital during inflation?

Historically, gold has been seen as a good hedge against inflation because its value tends to increase as the cost of goods and services rises.

What is the highest inflation rate in 2022?

June 2022 saw a staggering 9.1% increase in consumer prices compared to the year before, the largest increase in 40 years.

Source: U.S. Bureau of Labor Statistics

What is the highest inflation rate in US history?

The average inflation rate in the United States has been 3.29% from 1914 until 2022.

The highest recorded inflation rate in the country was 23.70% in June 1920, and the lowest was -15.80% in June 1921.

CPI: Medical care

CPI: Personal care

CPI: Apparel

CPI: Electricity

CPI: Education

CPI: Commodities less food and beverages

CPI: Alcoholic beverages

CPI: Coffee

CPI: Transportation

CPI: New vehicles

CPI: Used cars and trucks

CPI: Gasoline

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