The data displays the 12-month percentage of change in the consumer price index, respectively the monthly inflation rate for goods and services in the U.S. The data represents U.S. city averages. In economics, the inflation rate is a measure of inflation, the rate of increase of a price index (in the below case: consumer price index). It is the percentage rate of change in price level over time. The rate of decrease in the purchasing power of money is approx. equal. In July 2018, prices increased by 2.9% compared to July 2017.
