According to statistics from the Bureau of Labor Statistics, the U.S. inflation rate for 2014 was 1.6 percent, a 0.1 percent increase over the 2013 inflation rate. The inflation rate for the 12-month period ending in January 2015 was -0.1 percent.
Throughout 2014, the highest inflation rates occurred during 12-month periods that ended between the months of May and July. These four ending months had an inflation rate that fluctuated between 2 and 2.1 percent. Between 1999 and 2014, the highest yearly average inflation rate occurred in 2008, with an average inflation rating of 3.8 percent; the lowest yearly average was in 2009, at -0.4 percent.