1.9 percent

Beside this, what is inflation rate formula?

So if we want to know how much prices have increased over the last 12 months (the commonly published

**inflation rate**number) we would subtract last year's Consumer Price Index from the current index and divide by last year's number and multiply the result by 100 and add a % sign.Also, what is the outlook for inflation?

The core

**inflation**rate will average 1.9% in 2020, 2.0% in 2021, and 2.0% as well in 2022. The core rate is right at the Fed's 2% target**inflation**rate. That may give the Fed room to lower interest rates. The U.S.**inflation**rate history and**forecast**helps predict the coming years'**inflation**levels.How do you use inflation rate?

Calculating a Specific

So if you want to know how much prices have increased over the last 12 months (the commonly published **Inflation Rate****inflation rate**number) subtract last year's index from the current index and divide by last year's number, multiply the result by 100 and add a % sign.

What did Trump do for the economy?

A key part of President

**Trump's economic**strategy during his first three years (2017–2019) was to boost**economic**growth via tax cuts and additional spending, both of which significantly increased federal budget deficits.