US annual inflation peaked at 7.0% in 2021 and 6.5% in 2022 due to pandemic recovery and supply disruptions. It has since declined sharply to 2.7% by December 2025, nearing the Fed's 2% target. This cooling trend signals stabilizing prices after years of elevated rates.
Metrics
Annual inflation rate is the 12-month percentage change in the Consumer Price Index (CPI) ending in December each year. Values are not seasonally adjusted and represent all items for urban consumers. Data covers calendar years from 2000 to 2025.