By: Joe OsbornJanuary 8, 2023

37 Inflation Statistics You Must Know For 2023

Key US Inflation Figures

US inflation rate is 7.7% over the past 12 months which is the highest in the last 40 years.
June had the highest inflation in 2022 with a rate of 9.1%.
Real average hourly wages of Americans decreased by 2.8% in 2022.
83% Of Americans worry about inflation in 2022.
17% Of Americans indicate that inflation is the number one problem in US in 2022.
40% of American households earning $90,000+ say that that they are facing financial hardships due to inflation.
Fuel Oil has the highest CPI change of 68.5% among all categories in 2022.
During COVID-19 pandemic, in 2020 and 2021, inflation rate in US was 1.23% and 4.71% respectively.
The average inflation rate in US from 1914 to 2022 is 3.29%.
The highest inflation on record in US was 23.7% in June, 1920.
The lowest inflation on record in US was -15.8% in June, 1921.
Adjusted for inflation, $1 in 1957 is equal to ~$10 in 2022.

South region has the highest inflation among census regions in 2022 with a rate of 9.1%.
Northeast region has the lowest inflation among census regions in 2022 with a rate of 7.4%
Mountain division states (Arizona, Colorado, Idaho, New Mexico, Montana, Utah, Nevada, Wyoming) have the highest inflation rate of 9.9% in 2022 among states.
Middle Atlantic division states (New Jersey, New York, Pennsylvania) have the lowest inflation rate of 7.3% in 2022 among states.
Atlanta – Sandy Springs – Roswell (GA) metropolitan area has the highest inflation rate of 10.4% in 2022 among metropolitan areas in US.
San Francisco – Oakland – Hayward (CA) metropolitan area has the lowest inflation rate of 5.2% in 2022 among metropolitan areas in US.
Food prices increased by 10.9% in 2022.
Food away from home prices increased by 8.6% in 2022.

Food prices increased by 10.9% in 2022.
Food away from home prices increased by 8.6% in 2022.
Energy prices increased by 17.6% in 2022.
Average gas price per gallon increased by 169% from April 2020 ($1.88) to June 2022 ($5.06).
Shelter prices increased by 6.9% in 2022.
Apparel prices increased by 4.1% in 2022.

Global inflation is expected to rise to 8.8% in 2022.
Global inflation in 2021 was 4.7%.
Zimbabwe has the highest inflation rate of 284.9% in 2022 among all countries.
China has the lowest inflation rate of 2.2% in 2022 among all countries.
IMF increased its global inflation projections by 3.3% after start of Russia’s war in Ukraine.
The average inflation rate among countries with advanced economies is 7.2% in 2022.
The average inflation rate among countries with developing economies is 9.9% in 2022.
Germany has the highest inflation rate of 10.4% among G7 countries in 2022.
Japan has the lowest inflation rate of 3% among G7 countries in 2022.
Energy inflation exceeds 40% in Italy, Germany & Great Britain in 2022.

Turkey and Argentina have the highest food inflation rate of 99.1% and 91.6% in 2022 among all G20 countries.
Switzerland and Saudi Arabia have the lowest food inflation rate of 4.2% and 4.4% respectively in 2022 among all G20 countries.
Zimbabwe has the highest food inflation rate of 321% in 2022 among all countries.
Benin has the lowest food inflation rate of -7.1% in 2022 among all countries.