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  1. Jan 12, 2023 · Current US Inflation Rates: 2000-2023. The annual inflation rate for the United States is 6.5% for the 12 months ended December 2022 after rising 7.1% previously, according to U.S. Labor Department data published Jan. 12. The next inflation update is scheduled for release on Feb. 14, 2023, at 8:30 a.m. ET. It will offer the rate of inflation over the 12 months ended January 2023.

  2. Jan 18, 2023 · Inflation is the rate at which prices for goods and services rise. Inflation is sometimes classified into three types: demand-pull inflation, cost-push inflation, and built-in inflation....

  3. Aug 5, 2022 · Inflation occurs when prices rise across the economy, decreasing the purchasing power of your money. In 1980, for example, a movie ticket cost on average $2.89. By 2019, the average price of a...

  4. About the CPI Inflation Calculator The CPI inflation calculator uses the Consumer Price Index for All Urban Consumers (CPI-U) U.S. city average series for all items, not seasonally adjusted. This data represents changes in the prices of all goods and services purchased for consumption by urban households.

  5. Nov 13, 2021 · Inflation is when the average price of virtually everything consumers buy goes up. Food, houses, cars, clothes, toys, etc. To afford those necessities, wages have to rise too.

  6. Jan 12, 2023 · Inflation is down from the June peak of 9.06%, but even moderate inflation can rapidly erode purchasing power and creates uncertainty as businesses have more difficulty estimating future costs. Based on the Rule of 72 if inflation is 7.2% it will take roughly 10 years for prices to double. But with 8.20% inflation, prices will double in roughly 8.8 years (72 ÷ 8.2% = 8.78 years).

  7. Dec 12, 2022 · Inflation is a process through which money loses purchasing power over time. Put another way, over time, prices for goods and services tend to rise. Economists generally agree that a relatively...

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