The current annual inflation rate in the United States, as of 2014, is 1.40%.
The United States inflation data on Quandl includes the consumer price index for the United States, the GDP deflator, and various indexes measuring the cost of living in the United States. All inflation rates on Quandl come with full historical data that you can download, graph, embed or access via our API. Just click on any inflation rate or price graph to see the entire data history as a time series.
The consumer price index or CPI for the United States is the price of a "standardized" basket of goods that measures the cost of living in the United States. CPI is usually adjusted to eliminate income and subsitution effects, seasonal effects and hedonic effects.
Changes in the consumer price index or CPI for the United States reflect changes in the cost of living in the United States. Thus the annual change in CPI is often referred to as the inflation rate.
The GDP deflator for the United States measures the price level of all domestically produced goods and services in the United States. Unlike the CPI which relies on a fixed basket of goods and services, the GDP deflator averages the price level of components that change from year to year based on consumption and investment patterns in the economy. The GDP deflator is often used to "correct" the value of nominal GDP by accounting for inflation.
CPI tracks consumer prices. Other useful indicators of inflation for the United States include PPI which measures producer prices, WPI which measures wholesale prices, and sectoral price indexes.
One of the many factors affecting inflation and the cost of living is the money supply or monetary base. This can be measured in various ways:
The financial position of the central bank and monetary authority can affect the inflation rate. All numbers in the following table are in billions of local currency units.
USA inflation and price data on Quandl comes from a variety of reliable sources, including the World Bank, the United Nations, Open Data for Africa, RateInflation.com, Eurostat, FRED and individual central banks and government statistical agencies. If there's some other dataset or source you'd like added to this page, please email me.
1IMF data published by the ODA under an open data licence.
This page was created by Raymond McTaggart for Quandl.