US Inflation Rate By Month (2022)

US Inflation Rate
Inflation Rate 8.3%
Previous Rate8.5%
Consumer Price Index (CPI)296.28
Inflation Rate Table

The Interest Rate is commonly known as the “cost of living,” is now the highest in the last 40 years. The Current US Inflation Rate is 8.3% for August 2022. Inflation rates are usually tracked every month and published by government authorities – The Sept 2022 report is scheduled for release between Oct 10 to 13 by the Bureau of Labor Statistics.

US Inflation Rates By Month

These are the United State monthly interest rates from 2000 to 2022. The table can be easily filtered by year or value to help you to find the inflation rates for a specific period.

US Historical Annual Inflation Data (1960-2022)

The chart displays US Annual Inflation Rates for the last 80 years, and as you can see, the inflation rates are increasing in the previous two years, and rates jumped from 1.36% to 9.1% in the last year. If you want to calculate accumulated rates between two dates, use the US Inflation Calculator to understand how the purchasing power affects.

It’s Average Annual Data (Source: Worlddata.info)

Related Post –

What is the Inflation Rate?

The inflation rate is the pace at which prices increase inside an economy with time, and it can be calculated by comparing the cost of goods sold — also known as the Consumer Price Index (CPI).

Inflation Rate Formula = (Final CPI Index Value/Initial CPI Value)*100

The CPI is one of the most important key economic indicators in each country’s economy. It is a measure of consumer price inflation, that indicates the average price increase for a select basket of consumer goods and services over time.

Inflation has a negative effect on the purchasing power of money. This is one of the reasons that you see prices increasing over time. The inflation rate is a common measure of how fast the level of prices is rising or falling in an economy.

For Example – Let’s say you have $1 in your pocket during Jan 1970, and since you wish to know how much $1 of January 1970 would be worth in June 2022. So we used this formula with CPI figures for the given two months.

Inflation Rate = (296.31/37.80)*100 = (7.838)*100 = 783.88%

A simpler statement of the same idea might be: The hand burger (as included in the CPI definition) you could buy for $1 in January 1970 would cost you $7.83 ($1×783.88%) in June 2022.


FAQ’s

Q. What is the U.S. inflation data release date?

The September 2022 US Inflation data would be available on 13 October 2022 at 8:00 am by authorities.

Q. How Inflation Rate calculated?

Government agencies measure inflation with the help of a product basket. The basket includes items that are commonly bought by consumers, such as groceries, clothes, rent, power, communications, recreational activities, and raw materials (e.g., gas, oil), as well as federal fees and taxes.

Q. Which countries have the highest inflation rate?

Turkey (79.6%), Argentina (64%), Russia (15.9%), and Spain (10.8%) have the highest inflation.

Q. Why Inflation Rates Are So High In 2022?

When the demand for goods & services is higher but the supply sources can’t fulfill the requirement, then this difference increases (Inflation) prices. The most common reason for the current high inflation is the conflict between Ukraine-Russia, the Market Rally after Covid-19, and Money Pumping By Government.

Q. Is Higher Inflation Causes The Recession?

The short answer is Yes. When inflation is high the Govt increase the Fed Rates which causes people to pay higher interest on credit, so they borrow less and spend less. That directly affects the demand and companies’ revenue, so they cut jobs, and GDP goes negative which is officially called a Recession.

Q. What’s the best way to Survive In a Recession?

These 3 point will help you to survive in a recession:

  1. Watch Your Spending Habits – Only spend money when you really needed.
  2. Don’t Invest Blindly – Keep your SIP continue so that will help you in long run.
  3. Never Quit your Job – And increase the income sources that will support you during a recession.

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