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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.
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.
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. Based on the Rule of 72 if inflation is 7.2% it will take roughly 10 years for prices to double.
Inflation Rate in the United States decreased to 2.40 percent in September from 2.50 percent in August of 2024. This page provides - United States Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.
US Inflation Rate is at 2.44%, compared to 2.53% last month and 3.70% last year. This is lower than the long term average of 3.28%. The US Inflation Rate is the percentage in which a chosen basket of goods and services purchased in the US increases in price over a year.
Graph and download economic data for Inflation, consumer prices for the United States (FPCPITOTLZGUSA) from 1960 to 2023 about consumer, CPI, inflation, price index, indexes, price, and USA.
The CPI inflation calculator uses the Consumer Price Index for All Urban Consumers (CPI-U) U.S. city average series for all items, not seasonally adjusted. This data represents changes in the prices of all goods and services purchased for consumption by urban households.
CPI-W, US City Average, All Items: NSA +0.1% in Sep 2024. SA +0.1% in Sep 2024. NSA +2.2% since Sep 2023
Graph and download economic data for Inflation, consumer prices for the United States from 1947 to 2024 about CPI, price index, indexes, price, USA, consumer, inflation, headline figure, average, all items, and urban.
Fed officials lowered interest rates to a range of 4.5 to 4.75 percent on Thursday, but avoided talking about politics in their post-meeting statement.