In December 2023, the chained consumer price index (CPI) in the United States increased 3.2 percent since December 2022. This 12 month percent change is a strong indicator of the nation's current inflation.
The annual inflation rate based on current dollar value can be accessed here.
Annual chained inflation rate in the United States from 2000 to 2023 at year-end
The data represents U.S. city averages. The base period was December 1999=100. The chain weighted CPI incorporates the average changes in the quantity of goods purchased, along with standard pricing effects. This allows the chain weighted CPI to reflect situations where customers shift the weight of their purchases from one area of spending to another.
The Bureau of Labor statistics no longer publishes annual averages for the chained CPI. For annual comparisons, data from December of the respective year is used.
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Bureau of Labor Statistics. (January 11, 2024). Annual chained inflation rate in the United States from 2000 to 2023 at year-end [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/191119/chained-inflation-rate-in-the-us-since-2001/
Bureau of Labor Statistics. "Annual chained inflation rate in the United States from 2000 to 2023 at year-end." Chart. January 11, 2024. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/191119/chained-inflation-rate-in-the-us-since-2001/
Bureau of Labor Statistics. (2024). Annual chained inflation rate in the United States from 2000 to 2023 at year-end. Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/191119/chained-inflation-rate-in-the-us-since-2001/
Bureau of Labor Statistics. "Annual Chained Inflation Rate in The United States from 2000 to 2023 at Year-end." Statista, Statista Inc., 11 Jan 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/191119/chained-inflation-rate-in-the-us-since-2001/
Bureau of Labor Statistics, Annual chained inflation rate in the United States from 2000 to 2023 at year-end Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/191119/chained-inflation-rate-in-the-us-since-2001/ (last visited November 10, 2024)
Annual chained inflation rate in the United States from 2000 to 2023 at year-end [Graph], Bureau of Labor Statistics, January 11, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/191119/chained-inflation-rate-in-the-us-since-2001/
