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What was the annual US inflation rate each year from 2017 to 2020?
Executive Summary
The claim that annual U.S. inflation rates for 2017–2020 were 2.1% [1], 2.4% [2], 1.8% [3], and 1.2% [4] is supported by multiple provided analyses; one source diverges on 2019, reporting 2.3% instead of 1.8%. The balance of evidence in the supplied material aligns with the lower 2019 figure, with the differing number traceable to a single dataset interpretation choice [5] [6] [7].
1. Conflicting claims boiled down: which years moved and by how much?
The primary claim under review lists 2017 = 2.1%, 2018 = 2.4%, 2019 = 1.8%, 2020 = 1.2%, a sequence repeated across several supplied analyses and historical tables [8] [5] [7]. A secondary analysis reports the same numbers except for 2019 = 2.3%, introducing a notable discrepancy [6]. This disagreement matters because a difference of 0.5 percentage point for a single year can influence short-run trend interpretation. The majority of the supplied sources—especially those referencing historical inflation tables—support the 1.8% 2019 figure, so the weight of the provided evidence favors the lower 2019 rate [5] [7].
2. Why one source reports a higher 2019 rate: methodology and index choices
One supplied analysis that lists 2019 at 2.3% cites Consumer Price Index data but does not clarify whether the figure is an annual average, month-to-month measure, or a year-over-year percentage taken from a specific month [6]. Different CPI computations—annual average CPI change, December-to-December change, or seasonally adjusted figures—can produce different headline numbers. The other sources present annual historical series that align on the 1.8% number, indicating they used the commonly reported annual average CPI-U percent change metric [5] [7]. Absent explicit methodology in the divergent analysis, the discrepancy appears attributable to different aggregation choices rather than contradictory underlying data [6] [7].
3. Cross-checks and source weight: which datasets carry more authority here?
The supplied materials include historical tables and CPI compilations presented as broad historical series; those consistently show the 2.1 / 2.4 / 1.8 / 1.2 sequence [8] [5] [7]. The lone outlier comes from a dataset labeled Consumer Price Index data that lists 2019 at 2.3%, but the same group also supplies alternative analyses agreeing with the 1.8% figure, highlighting internal inconsistency [6] [9]. Given this pattern, the most authoritative synthesis within the provided data supports the 1.8% 2019 figure, because multiple independent tables in the dataset converge there [5] [7], while the 2.3% observation stands alone and lacks methodological clarity [6].
4. Big-picture implications: trend interpretation across 2017–2020
Viewed as a sequence—2.1% [1], 2.4% [2], 1.8% [3], 1.2% [4]—the supplied data depict an economy that peaked near 2.4% in 2018 and then cooled through 2020, ending with historically low inflation in the pandemic year of 2020. The alternate 2.3% 2019 reading would flatten that decline and suggest more persistent inflation into 2019, altering short-term narrative and any policy inferences. Because most supplied sources support the steeper decline by 2019, the dominant interpretation in the provided material is of disinflation entering 2019 and a further dip in 2020 [8] [5] [7].
5. Final assessment and guidance for readers wanting to verify
Based on the collection of supplied analyses, the best-supported answer is 2017: 2.1%, 2018: 2.4%, 2019: 1.8%, 2020: 1.2%; the lone divergent 2019 figure (2.3%) likely reflects a different CPI calculation or reporting choice and should be treated as an alternate-method estimate unless its methodology is clarified [5] [6] [7]. Readers seeking confirmation should consult the underlying CPI annual-average series used by the historical tables in these materials to reconcile aggregation differences; the supplied historical-series sources converge on the 1.8% 2019 number and therefore carry the most consistent weight within the provided evidence [8] [5] [7].