Last Update: Oct 09, 2022.

Submitted by: Ardenia Dodd
Score: 66/100 (46 votes)


What is June's inflation rate?

Over the 12 months ended June 2022, the Consumer Price Index for All Urban Consumers increased 9.1 percent. The 9.1-percent increase in the all items index was the largest 12-month increase since the 12-month period ending November 1981. Combination chart with 2 data series.

To reduce inflation down to a benchmark target rate of 2%, the Federal Reserve has already implemented four interest rate hikes in 2022, including two consecutive €œjumbo rate hikes of 0.75% in June and July. The federal funds rate is currently 2.25% to 2.50%.

To reduce inflation down to a benchmark target rate of 2%, the Federal Reserve has already implemented four interest rate hikes in 2022, including two consecutive €œjumbo rate hikes of 0.75% in June and July. The federal funds rate is currently 2.25% to 2.50%.

To reduce inflation down to a benchmark target rate of 2%, the Federal Reserve has already implemented four interest rate hikes in 2022, including two consecutive €œjumbo rate hikes of 0.75% in June and July. The federal funds rate is currently 2.25% to 2.50%.

Inflation Rose In August, Fed Interest Rate Hikes Likely

To reduce inflation down to a benchmark target rate of 2%, the Federal Reserve has already implemented four interest rate hikes in 2022, including two consecutive €œjumbo rate hikes of 0.75% in June and July.

Inflation Rose In August, Fed Interest Rate Hikes Likely

To reduce inflation down to a benchmark target rate of 2%, the Federal Reserve has already implemented four interest rate hikes in 2022, including two consecutive €œjumbo rate hikes of 0.75% in June and July.

To reduce inflation down to a benchmark target rate of 2%, the Federal Reserve has already implemented four interest rate hikes in 2022, including two consecutive €œjumbo rate hikes of 0.75% in June and July. The federal funds rate is currently 2.25% to 2.50%.

To reduce inflation down to a benchmark target rate of 2%, the Federal Reserve has already implemented four interest rate hikes in 2022, including two consecutive €œjumbo rate hikes of 0.75% in June and July. The federal funds rate is currently 2.25% to 2.50%.

Comparing The Speed Of U.S. Interest Rate Hikes (1988-2022)

Why are 2022's interest rate hikes so rapid? U.S. inflation far exceeds the Fed's long-term target of 2%. In fact, when the hikes started in March 2022, inflation was the highest it's ever been in the last six rate hike cycles.

Comparing The Speed Of U.S. Interest Rate Hikes (1988-2022)

The actual rate of interest for an I bond is a combination of the fixed rate and the inflation rate. The combined rate can, and usually does, change every 6 months. I bonds protect you from inflation because when inflation increases, the combined rate increases.

Inflation Rate in the United States averaged 3.28 percent from 1914 until 2022, reaching an all time high of 23.70 percent in June of 1920 and a record low of -15.80 percent in June of 1921.

Inflation Rate in the United States averaged 3.28 percent from 1914 until 2022, reaching an all time high of 23.70 percent in June of 1920 and a record low of -15.80 percent in June of 1921.Oct 13, 2022

United States Inflation Rate

Inflation Rate in the United States averaged 3.28 percent from 1914 until 2022, reaching an all time high of 23.70 percent in June of 1920 and a record low of -15.80 percent in June of 1921.

United States Inflation Rate

The fixed rate is an annual rate. The inflation rate can, and usually does, change every 6 months. We set the inflation rate every May 1 and November 1. We base the inflation rate on changes in the non-seasonally adjusted Consumer Price Index for all Urban Consumers (CPI-U)> for all items, including food and energy.

In June 2022, the Fed raised the rate by an additional 75 basis points, or 0.75%, in an effort to curb the continued elevation of inflation. This increase brought the target rate range between 1.5% and 1.75%, and it marked the largest single rate hike since 1994.