Based on the 12-month percentage change in the consumer price index, which is the monthly inflation rate for goods and services in the US, prices rose by 3.1% in November 2023 compared to November 2022. The information displays averages for US cities. The inflation rate is a metric used in economics to quantify how much prices have changed over time. The rate at which money's purchasing power is declining is roughly equal.

You can find a forecast of the annual rate of inflation in the United States here, and you can find the actual rate of inflation every year since 1990 here.

The inflation rate

The evolution of a nation's Consumer Price Index is among the most significant economic indicators. The shift in this range of product and service prices is