Us Inflation Rate 2024 By Month. Inflation is down from the june 2022 peak of 9.06%, but even moderate inflation can rapidly erode purchasing power and creates uncertainty as businesses have more difficulty estimating future costs. The consumer price index in the united states increased 0.20 percent in october of 2024 over the previous month.
The current inflation rate in the us is 2.60%, which is calculated based on cpi (consumer price index) values for the last 12 months ending in october 2024. We break down core inflation into three components:
Us Inflation Rate 2024 By Month Images References :