Overall inflation accelerated in April 2026. The Consumer Price Index increased 0.6% from March 2026 and was up 3.8% over the past year — the highest annual rate since May 2023.
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What is Inflation?
Inflation is the rate at which prices increase over time. Think of it like the speedometer in your car — it tells you how fast you're going, not how far you've traveled. Similarly, inflation tells you how quickly prices are rising, not how expensive things are overall.
A 3% annual inflation rate means that something costing $100 today would cost $103 in a year. The key word is "rate" — it's about the speed of change, not the price level itself. If inflation is 0%, prices aren't changing. If inflation is 10%, prices are rising rapidly.
We show both monthly inflation (how prices changed from last month) and annual inflation (how prices changed over the past year). Monthly rates are typically smaller but more volatile; annual rates give a better sense of the overall trajectory.
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Latest Posts
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Overall inflation rose modestly in February 2026. The Consumer Price Index increased 0.3% from January 2026 and was up 2.4% over the past year.
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The CPI is a national average, but here's why two Americans can experience different inflation rates at the same time.
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