Shareholder Report
|
12 Months Ended |
|
May 31, 2026
USD ($)
Holding
|
| Shareholder Report [Line Items] |
|
| Document Type |
N-CSR
|
| Amendment Flag |
false
|
| Registrant Name |
T. ROWE PRICE INFLATION PROTECTED BOND FUND, INC.
|
| Entity Central Index Key |
0001181628
|
| Entity Investment Company Type |
N-1A
|
| Document Period End Date |
May 31, 2026
|
| Shareholder Report Annual or Semi-Annual |
Annual Shareholder Report
|
| C000005526 |
|
| Shareholder Report [Line Items] |
|
| Fund Name |
Inflation Protected Bond Fund
|
| Class Name |
Investor Class
|
| Trading Symbol |
PRIPX
|
| Annual or Semi-Annual Statement [Text Block] |
This annual shareholder report contains important information about Inflation Protected Bond Fund (the "fund") for the period of June 1, 2025 to May 31, 2026.
|
| Additional Information [Text Block] |
You can find the fund’s prospectus, financial information on Form N‑CSR (which includes required tax information for dividends), holdings, proxy voting information, and other information atwww.troweprice.com/prospectus. You can also request this information without charge by contacting T. Rowe Price at 1‑800‑638‑5660 or info@troweprice.com or contacting your intermediary.
|
| Material Fund Change Notice [Text Block] |
|
| Additional Information Phone Number |
1‑800‑638‑5660
|
| Additional Information Email |
<span style="box-sizing: border-box; color: rgb(0, 0, 0); display: inline; flex-wrap: nowrap; font-size: 13.3333px; font-weight: 400; grid-area: auto; line-height: 17.3333px; margin: 0px; overflow: visible; text-align: justify; text-align-last: left; white-space-collapse: preserve-breaks;">info@troweprice.com</span>
|
| Additional Information Website |
www.troweprice.com/prospectus
|
| Expenses [Text Block] |
What were the fund costs for the last year? (based on a hypothetical $10,000 investment)
Table Summary
|
Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
Inflation Protected Bond Fund - Investor Class |
$42 |
0.41% |
|
| Expenses Paid, Amount |
$ 42
|
| Expense Ratio, Percent |
0.41%
|
| Factors Affecting Performance [Text Block] |
What drove fund performance during the past 12 months?U.S. Treasury inflation protected securities (TIPS) generated positive performance for the 12-month reporting period as shorter-maturity break-even spreads generally ended tighter, while intermediate- and long-term spreads ended wider, and TIPS benefited from principal adjustments for inflation. Inflation remained above the Federal Reserve’s 2% target. The fund’s asset allocation contributed in aggregate to performance versus the style-specific Bloomberg U.S. TIPS Index. This was driven largely by small allocations outside the benchmark, particularly in the fund’s positions in the two-year and five-year zero-coupon inflation swaps, which added value during the period. The fund also benefited from choices made within its U.S. inflation-linked holdings. Duration positioning weighed on relative performance. Although short-term Treasury yields declined as the Federal Reserve cut policy rates, intermediate- and longer-term yields rose over the period. The fund’s short duration stance during the summer and into the fourth quarter, when rates rallied, negatively impacted relative results. However, positioning across segments of the yield curve contributed positively, as the fund’s 5s30s steepener benefited from curve steepening over the period. Security selection also modestly contributed to results. The fund seeks to provide inflation protection and income by investing primarily in inflation protected debt securities. At period-end, our non-TIPS allocations remained minimal as we maintained a strong preference for inflation-linked securities over credit sectors, which we believed offered less attractive risk-adjusted opportunities given the economic backdrop and persistent inflation risks
|
| Performance Past Does Not Indicate Future [Text] |
The fund’s past performance is not a good predictor of the fund’s future performance.
|
| Line Graph [Table Text Block] |

Table Summary
|
Investor Class |
Regulatory Benchmark |
Strategy Benchmark |
2016 |
10,000 |
10,000 |
10,000 |
2016 |
10,244 |
10,232 |
10,250 |
2016 |
10,025 |
9,908 |
10,068 |
2017 |
10,136 |
10,008 |
10,191 |
2017 |
10,170 |
10,158 |
10,241 |
2017 |
10,221 |
10,283 |
10,297 |
2017 |
10,187 |
10,227 |
10,267 |
2018 |
10,113 |
10,059 |
10,172 |
2018 |
10,216 |
10,120 |
10,317 |
2018 |
10,286 |
10,175 |
10,383 |
2018 |
10,087 |
10,089 |
10,174 |
2019 |
10,286 |
10,378 |
10,366 |
2019 |
10,713 |
10,768 |
10,767 |
2019 |
11,077 |
11,210 |
11,157 |
2019 |
10,981 |
11,178 |
11,050 |
2020 |
11,373 |
11,590 |
11,482 |
2020 |
11,559 |
11,781 |
11,628 |
2020 |
12,076 |
11,936 |
12,160 |
2020 |
12,104 |
11,992 |
12,172 |
2021 |
12,084 |
11,750 |
12,153 |
2021 |
12,374 |
11,734 |
12,449 |
2021 |
12,748 |
11,925 |
12,835 |
2021 |
12,888 |
11,854 |
13,003 |
2022 |
12,716 |
11,440 |
12,890 |
2022 |
12,067 |
10,769 |
12,269 |
2022 |
11,831 |
10,552 |
12,068 |
2022 |
11,374 |
10,332 |
11,618 |
2023 |
11,300 |
10,328 |
11,549 |
2023 |
11,427 |
10,538 |
11,754 |
2023 |
11,258 |
10,426 |
11,624 |
2023 |
11,236 |
10,454 |
11,634 |
2024 |
11,433 |
10,671 |
11,840 |
2024 |
11,515 |
10,676 |
11,938 |
2024 |
11,893 |
11,187 |
12,342 |
2024 |
11,897 |
11,173 |
12,362 |
2025 |
12,116 |
11,291 |
12,593 |
2025 |
12,117 |
11,258 |
12,614 |
2025 |
12,432 |
11,538 |
12,946 |
2025 |
12,537 |
11,809 |
13,072 |
2026 |
12,681 |
11,998 |
13,231 |
2026 |
12,667 |
11,836 |
13,233 |
|
| Average Annual Return [Table Text Block] |
Table Summary
|
1 Year |
5 Years |
10 Years |
Inflation Protected Bond Fund (Investor Class) |
4.54% |
0.47% |
2.39% |
Bloomberg U.S. Aggregate Bond Index (Regulatory Benchmark) |
5.13 |
0.17 |
1.70 |
Bloomberg U.S. TIPS Index (Strategy Benchmark) |
4.90 |
1.23 |
2.84 |
|
| No Deduction of Taxes [Text Block] |
Neither the fund’s returns nor the index returns reflect the deduction of taxes that a shareholder would pay on fund distributions or redemptions of fund shares.
|
| Updated Performance Information Location [Text Block] |
Updated performance information can be found at www.troweprice.com.
|
| Distribution of Capital [Text Block] |
The fund's total return figures reflect the reinvestment of dividends and capital gains, if any.
|
| AssetsNet |
$ 576,763,000
|
| Holdings Count | Holding |
52
|
| Advisory Fees Paid, Amount |
$ 221,000
|
| InvestmentCompanyPortfolioTurnover |
24.30%
|
| Additional Fund Statistics Significance or Limits [Text Block] |
What are some fund statistics? - Total Net Assets (000s)$576,763
- Number of Portfolio Holdings52
|
| Holdings [Text Block] |
Table Summary
U.S. Government Agency Obligations (Excluding Mortgage-Backed) |
99.5% |
Non-U.S. Government Mortgage-Backed Securities |
0.0 |
Short-Term and Other |
0.5 |
|
| Largest Holdings [Text Block] |
Table Summary
U.S. Treasury Inflation-Indexed Notes |
86.1% |
U.S. Treasury Inflation-Indexed Bonds |
13.4 |
GS Mortgage-Backed Securities Trust |
0.0 |
|
| Material Fund Change [Text Block] |
|
| Updated Prospectus Web Address |
www.troweprice.com/paperless
|
| C000166332 |
|
| Shareholder Report [Line Items] |
|
| Fund Name |
Inflation Protected Bond Fund
|
| Class Name |
I Class
|
| Trading Symbol |
TIIPX
|
| Annual or Semi-Annual Statement [Text Block] |
This annual shareholder report contains important information about Inflation Protected Bond Fund (the "fund") for the period of June 1, 2025 to May 31, 2026.
|
| Additional Information [Text Block] |
You can find the fund’s prospectus, financial information on Form N‑CSR (which includes required tax information for dividends), holdings, proxy voting information, and other information atwww.troweprice.com/prospectus. You can also request this information without charge by contacting T. Rowe Price at 1‑800‑638‑5660 or info@troweprice.com or contacting your intermediary.
|
| Material Fund Change Notice [Text Block] |
|
| Additional Information Phone Number |
1‑800‑638‑5660
|
| Additional Information Email |
<span style="box-sizing: border-box; color: rgb(0, 0, 0); display: inline; flex-wrap: nowrap; font-size: 13.3333px; font-weight: 400; grid-area: auto; line-height: 17.3333px; margin: 0px; overflow: visible; text-align: justify; text-align-last: left; white-space-collapse: preserve-breaks;">info@troweprice.com</span>
|
| Additional Information Website |
www.troweprice.com/prospectus
|
| Expenses [Text Block] |
What were the fund costs for the last year? (based on a hypothetical $10,000 investment)
Table Summary
|
Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
Inflation Protected Bond Fund - I Class |
$23 |
0.22% |
|
| Expenses Paid, Amount |
$ 23
|
| Expense Ratio, Percent |
0.22%
|
| Factors Affecting Performance [Text Block] |
What drove fund performance during the past 12 months?U.S. Treasury inflation protected securities (TIPS) generated positive performance for the 12-month reporting period as shorter-maturity break-even spreads generally ended tighter, while intermediate- and long-term spreads ended wider, and TIPS benefited from principal adjustments for inflation. Inflation remained above the Federal Reserve’s 2% target. The fund’s asset allocation contributed in aggregate to performance versus the style-specific Bloomberg U.S. TIPS Index. This was driven largely by small allocations outside the benchmark, particularly in the fund’s positions in the two-year and five-year zero-coupon inflation swaps, which added value during the period. The fund also benefited from choices made within its U.S. inflation-linked holdings. Duration positioning weighed on relative performance. Although short-term Treasury yields declined as the Federal Reserve cut policy rates, intermediate- and longer-term yields rose over the period. The fund’s short duration stance during the summer and into the fourth quarter, when rates rallied, negatively impacted relative results. However, positioning across segments of the yield curve contributed positively, as the fund’s 5s30s steepener benefited from curve steepening over the period. Security selection also modestly contributed to results. The fund seeks to provide inflation protection and income by investing primarily in inflation protected debt securities. At period-end, our non-TIPS allocations remained minimal as we maintained a strong preference for inflation-linked securities over credit sectors, which we believed offered less attractive risk-adjusted opportunities given the economic backdrop and persistent inflation risks
|
| Performance Past Does Not Indicate Future [Text] |
The fund’s past performance is not a good predictor of the fund’s future performance.
|
| Line Graph [Table Text Block] |

Table Summary
|
I Class |
Regulatory Benchmark |
Strategy Benchmark |
2016 |
500,000 |
500,000 |
500,000 |
2016 |
512,195 |
511,616 |
512,509 |
2016 |
501,682 |
495,403 |
503,403 |
2017 |
506,776 |
500,416 |
509,525 |
2017 |
508,906 |
507,893 |
512,045 |
2017 |
511,887 |
514,136 |
514,871 |
2017 |
510,609 |
511,326 |
513,331 |
2018 |
506,724 |
502,944 |
508,598 |
2018 |
512,091 |
505,990 |
515,835 |
2018 |
516,325 |
508,741 |
519,125 |
2018 |
506,130 |
504,464 |
508,714 |
2019 |
516,331 |
518,886 |
518,308 |
2019 |
537,973 |
538,376 |
538,340 |
2019 |
556,923 |
560,492 |
557,853 |
2019 |
552,347 |
558,902 |
552,508 |
2020 |
572,269 |
579,506 |
574,084 |
2020 |
581,898 |
589,067 |
581,421 |
2020 |
608,059 |
596,775 |
607,990 |
2020 |
609,441 |
599,611 |
608,584 |
2021 |
608,924 |
587,524 |
607,652 |
2021 |
623,924 |
586,682 |
622,440 |
2021 |
643,144 |
596,272 |
641,768 |
2021 |
650,175 |
592,695 |
650,172 |
2022 |
642,056 |
571,989 |
644,496 |
2022 |
609,434 |
538,444 |
613,439 |
2022 |
597,572 |
527,606 |
603,402 |
2022 |
574,992 |
516,596 |
580,888 |
2023 |
571,268 |
516,381 |
577,473 |
2023 |
577,651 |
526,907 |
587,700 |
2023 |
569,673 |
521,310 |
581,218 |
2023 |
568,858 |
522,690 |
581,706 |
2024 |
579,113 |
533,562 |
591,996 |
2024 |
583,900 |
533,786 |
596,884 |
2024 |
603,153 |
559,349 |
617,101 |
2024 |
603,653 |
558,625 |
618,108 |
2025 |
615,067 |
564,552 |
629,637 |
2025 |
615,386 |
562,924 |
630,699 |
2025 |
631,688 |
576,891 |
647,302 |
2025 |
637,334 |
590,474 |
653,618 |
2026 |
644,957 |
599,896 |
661,527 |
2026 |
644,557 |
591,821 |
661,626 |
|
| Average Annual Return [Table Text Block] |
Table Summary
|
1 Year |
5 Years |
10 Years |
Inflation Protected Bond Fund (I Class) |
4.74% |
0.65% |
2.57% |
Bloomberg U.S. Aggregate Bond Index (Regulatory Benchmark) |
5.13 |
0.17 |
1.70 |
Bloomberg U.S. TIPS Index (Strategy Benchmark) |
4.90 |
1.23 |
2.84 |
|
| No Deduction of Taxes [Text Block] |
Neither the fund’s returns nor the index returns reflect the deduction of taxes that a shareholder would pay on fund distributions or redemptions of fund shares.
|
| Updated Performance Information Location [Text Block] |
Updated performance information can be found at www.troweprice.com.
|
| Distribution of Capital [Text Block] |
The fund's total return figures reflect the reinvestment of dividends and capital gains, if any.
|
| AssetsNet |
$ 576,763,000
|
| Holdings Count | Holding |
52
|
| Advisory Fees Paid, Amount |
$ 221,000
|
| InvestmentCompanyPortfolioTurnover |
24.30%
|
| Additional Fund Statistics Significance or Limits [Text Block] |
What are some fund statistics? - Total Net Assets (000s)$576,763
- Number of Portfolio Holdings52
|
| Holdings [Text Block] |
Table Summary
U.S. Government Agency Obligations (Excluding Mortgage-Backed) |
99.5% |
Non-U.S. Government Mortgage-Backed Securities |
0.0 |
Short-Term and Other |
0.5 |
|
| Largest Holdings [Text Block] |
Table Summary
U.S. Treasury Inflation-Indexed Notes |
86.1% |
U.S. Treasury Inflation-Indexed Bonds |
13.4 |
GS Mortgage-Backed Securities Trust |
0.0 |
|
| Material Fund Change [Text Block] |
|
| Updated Prospectus Web Address |
www.troweprice.com/paperless
|
| C000225818 |
|
| Shareholder Report [Line Items] |
|
| Fund Name |
Inflation Protected Bond Fund
|
| Class Name |
Z Class
|
| Trading Symbol |
TRZHX
|
| Annual or Semi-Annual Statement [Text Block] |
This annual shareholder report contains important information about Inflation Protected Bond Fund (the "fund") for the period of June 1, 2025 to May 31, 2026.
|
| Additional Information [Text Block] |
You can find the fund’s prospectus, financial information on Form N‑CSR (which includes required tax information for dividends), holdings, proxy voting information, and other information atwww.troweprice.com/prospectus. You can also request this information without charge by contacting T. Rowe Price at 1‑800‑638‑5660 or info@troweprice.com or contacting your intermediary.
|
| Material Fund Change Notice [Text Block] |
|
| Additional Information Phone Number |
1‑800‑638‑5660
|
| Additional Information Email |
<span style="box-sizing: border-box; color: rgb(0, 0, 0); display: inline; flex-wrap: nowrap; font-size: 13.3333px; font-weight: 400; grid-area: auto; line-height: 17.3333px; margin: 0px; overflow: visible; text-align: justify; text-align-last: left; white-space-collapse: preserve-breaks;">info@troweprice.com</span>
|
| Additional Information Website |
www.troweprice.com/prospectus
|
| Expenses [Text Block] |
What were the fund costs for the last year? (based on a hypothetical $10,000 investment)
Table Summary
|
Costs of a $10,000 investment |
Costs paid as a percentage of a $10,000 investment |
Inflation Protected Bond Fund - Z Class |
$0 |
0.00% |
|
| Expenses Paid, Amount |
$ 0
|
| Expense Ratio, Percent |
0.00%
|
| Factors Affecting Performance [Text Block] |
What drove fund performance during the past 12 months?U.S. Treasury inflation protected securities (TIPS) generated positive performance for the 12-month reporting period as shorter-maturity break-even spreads generally ended tighter, while intermediate- and long-term spreads ended wider, and TIPS benefited from principal adjustments for inflation. Inflation remained above the Federal Reserve’s 2% target. The fund’s asset allocation contributed in aggregate to performance versus the style-specific Bloomberg U.S. TIPS Index. This was driven largely by small allocations outside the benchmark, particularly in the fund’s positions in the two-year and five-year zero-coupon inflation swaps, which added value during the period. The fund also benefited from choices made within its U.S. inflation-linked holdings. Duration positioning weighed on relative performance. Although short-term Treasury yields declined as the Federal Reserve cut policy rates, intermediate- and longer-term yields rose over the period. The fund’s short duration stance during the summer and into the fourth quarter, when rates rallied, negatively impacted relative results. However, positioning across segments of the yield curve contributed positively, as the fund’s 5s30s steepener benefited from curve steepening over the period. Security selection also modestly contributed to results. The fund seeks to provide inflation protection and income by investing primarily in inflation protected debt securities. At period-end, our non-TIPS allocations remained minimal as we maintained a strong preference for inflation-linked securities over credit sectors, which we believed offered less attractive risk-adjusted opportunities given the economic backdrop and persistent inflation risks
|
| Performance Past Does Not Indicate Future [Text] |
The fund’s past performance is not a good predictor of the fund’s future performance.
|
| Line Graph [Table Text Block] |
Table Summary
|
Z Class |
Regulatory Benchmark |
Strategy Benchmark |
2/22/21 |
10,000 |
10,000 |
10,000 |
2/28/21 |
9,992 |
9,989 |
9,994 |
5/31/21 |
10,239 |
9,975 |
10,237 |
8/31/21 |
10,564 |
10,138 |
10,555 |
11/30/21 |
10,687 |
10,077 |
10,693 |
2/28/22 |
10,555 |
9,725 |
10,600 |
5/31/22 |
10,024 |
9,154 |
10,089 |
8/31/22 |
9,837 |
8,970 |
9,924 |
11/30/22 |
9,477 |
8,783 |
9,554 |
2/28/23 |
9,415 |
8,779 |
9,498 |
5/31/23 |
9,529 |
8,958 |
9,666 |
8/31/23 |
9,397 |
8,863 |
9,559 |
11/30/23 |
9,395 |
8,887 |
9,567 |
2/29/24 |
9,561 |
9,071 |
9,736 |
5/31/24 |
9,642 |
9,075 |
9,817 |
8/31/24 |
9,973 |
9,510 |
10,149 |
11/30/24 |
9,985 |
9,498 |
10,166 |
2/28/25 |
10,180 |
9,598 |
10,355 |
5/31/25 |
10,191 |
9,571 |
10,373 |
8/31/25 |
10,467 |
9,808 |
10,646 |
11/30/25 |
10,565 |
10,039 |
10,750 |
2/28/26 |
10,698 |
10,199 |
10,880 |
5/31/26 |
10,697 |
10,062 |
10,882 |
|
| Average Annual Return [Table Text Block] |
Table Summary
|
1 Year |
5 Years |
Since Inception 2/22/21 |
Inflation Protected Bond Fund (Z Class) |
4.97% |
0.88% |
1.29% |
Bloomberg U.S. Aggregate Bond Index (Regulatory Benchmark) |
5.13 |
0.17 |
0.12 |
Bloomberg U.S. TIPS Index (Strategy Benchmark) |
4.90 |
1.23 |
1.62 |
|
| Performance Inception Date |
Feb. 22, 2021
|
| No Deduction of Taxes [Text Block] |
Neither the fund’s returns nor the index returns reflect the deduction of taxes that a shareholder would pay on fund distributions or redemptions of fund shares.
|
| Updated Performance Information Location [Text Block] |
Updated performance information can be found at www.troweprice.com.
|
| Distribution of Capital [Text Block] |
The fund's total return figures reflect the reinvestment of dividends and capital gains, if any.
|
| AssetsNet |
$ 576,763,000
|
| Holdings Count | Holding |
52
|
| Advisory Fees Paid, Amount |
$ 221,000
|
| InvestmentCompanyPortfolioTurnover |
24.30%
|
| Additional Fund Statistics Significance or Limits [Text Block] |
What are some fund statistics? - Total Net Assets (000s)$576,763
- Number of Portfolio Holdings52
|
| Holdings [Text Block] |
Table Summary
U.S. Government Agency Obligations (Excluding Mortgage-Backed) |
99.5% |
Non-U.S. Government Mortgage-Backed Securities |
0.0 |
Short-Term and Other |
0.5 |
|
| Largest Holdings [Text Block] |
Table Summary
U.S. Treasury Inflation-Indexed Notes |
86.1% |
U.S. Treasury Inflation-Indexed Bonds |
13.4 |
GS Mortgage-Backed Securities Trust |
0.0 |
|
| Material Fund Change [Text Block] |
|
| Updated Prospectus Web Address |
www.troweprice.com/paperless
|