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Current Annual inflation for the 12 months ending in October 2024 is 2.60%. 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.
Current US Inflation Rates: 2000-2024. The annual inflation rate for the United States was 2.4% for the 12 months ending September, compared to the previous rate increase of 2.5%, according to U.S. Labor Department data published on October 10, 2024.
Consumer prices up 2.4 percent from September 2023 to September 2024. From September 2023 to September 2024, the Consumer Price Index for All Urban Consumers (CPI-U) rose 2.4 percent, the smallest over-the-year increase since the 12 months ended February 2021.
These charts track the prices consumers are paying for groceries and other goods now compared to the cost five years ago, as inflation lingers.
CPI-U, US City Average, All Items Less Food and Energy: NSA +0.2% in Oct 2024. SA +0.3% in Oct 2024. NSA +3.3% since Oct 2023
The current U.S. inflation rate is 2.6% for the 12-month period ending in October 2024, up slightly from the 2.4% reported last month.
The current annual inflation rate is 2.4%, back to levels last seen in February 2021. Prices are still 21.4% more expensive since the pandemic-induced recession began in February 2020, with...