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Consumer prices up 2.9 percent from July 2023 to July 2024. Over the year ended July 2024, the Consumer Price Index for All Urban Consumers increased 2.9 percent. This was the first time since March 2021 that 12-month increase was below 3.0 percent, when prices rose 2.6 percent.
Current Annual inflation for the 12 months ending August 2024 is 2.53%. 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 2.5% for the 12 months ending August, compared to the previous rate increase of 2.9%, according to U.S. Labor Department data published on September 11, 2024.
CPI Latest Numbers. CPI-U, US City Average, All Items: NSA +0.1% in Aug 2024. SA +0.2% in Aug 2024. NSA +2.5% since Aug 2023. CPI-U, US City Average, All Items Less Food and Energy: NSA +0.3% in Aug 2024. SA +0.3% in Aug 2024. NSA +3.2% since Aug 2023.
The current U.S. inflation rate is 2.5% for the 12-month period leading up to August 2024. The consumer price index (CPI), which measures changes in prices, increased 0.2% in August, the same...
Inflation Rate in the United States decreased to 2.50 percent in August from 2.90 percent in July of 2024. Inflation Rate in the United States is expected to be 2.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.
The Fed raised its key rate 11 times, from March 2022 to July of last year, in a concerted drive to defeat high inflation. The result has been much higher borrowing rates for businesses and consumers, including for mortgages and auto loans.
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.
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.
Inflation is raising prices across America. NBC News is tracking inflation levels affecting gas, flights, groceries and more, including the consumer price index.