Monthly inflation rate U.S. 2024 | Statista (2024)

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Monthly inflation rate U.S. 2024 | Statista? ›

In August 2024, prices had increased by 2.5 percent compared to August 2023 according to the 12-month percentage change in the consumer price index — the monthly inflation rate for goods and services in the United States. The data represents U.S. city averages.

On the basis of these inflation forecasts, average consumer price inflation should be 3.2% in 2024 and 1.9% in 2025, compared to 4.06% in 2023 and 9.59% in 2022.

US Inflation Rate (I:USIR)

US Inflation Rate is at 2.53%, compared to 2.89% last month and 3.67% last year. This is lower than the long term average of 3.28%.

Key takeaways. The current annual inflation rate is 2.5%, the lowest since February 2021.

That reading, known as “core” CPI, fell to a monthly 0.2% reading in May, down from 0.3% in April, and 3.4% on an annual basis, down from 3.6%.

Decline in inflation is observed in the subgroups of 'spices', 'meat and fish' and 'pulses and products' etc, the ministry said said. CPI inflation in July had eased to a 59-month low of 3.54 percent in July from 7.44 percent in July 2023 and 5.08 percent in June 2024.

The April 2024 Consumer Price Index (CPI) for All Urban Consumers (CPI-U) rose by a softer-than-expected 3.4% year-over-year (YOY). This marks a deceleration from a 3.5% YoY rise in March and the first-time inflation has cooled this year.

US Core Inflation Rate (I:USCIR)

US Core Inflation Rate is at 3.20%, compared to 3.17% last month and 4.35% last year. This is lower than the long term average of 3.68%. The Core US Inflation Rate is one of the most important metrics for the US Economy.

The cost of living in 2024 has continued to increase. The Consumer Price Index showed prices increased 3.2 percent between February 2023 and February 2024, according to the Bureau of Labor Statistics.

The annual inflation rate for the United States was 2.9% for the 12 months ending July, compared to the previous rate increase of 3%, according to U.S. Labor Department data published on August 14, 2024. The next inflation update is scheduled for release on September 11 at 8:30 a.m.

What is the inflation rate in January 2024? ›

Looking at the year-over-year data, the all-items index increased by 3.1% for the 12 months ending in January – a slight deceleration from the 3.4% increase seen for the year ending in December. Market participants had been optimistic about a continued gradual decrease in inflation, aiming for a headline rate below 3%.

The worst inflation rate in U.S. history was actually in 1980, at 14%.

US Consumer Price Index is at a current level of 314.12, up from 313.53 last month and up from 306.19 one year ago. This is a change of 0.19% from last month and 2.59% from one year ago.

Both overall and core PCE inflation stood at 2.5% year over year as of June, by our estimates. We project overall PCE inflation to average 2.4% in 2024 and 1.8% over 2025 to 2028—just below the Fed's 2% target. Supply chain improvements have yet to be fully reflected in inflation numbers.

RPI* inflation was 3.0% in May 2024 (Index: 386.4), down from 3.3% in the year to April.

Headline consumer price index (CPI) for all urban areas

In May 2024, the annual inflation rate of goods was 5,7%, unchanged from April 2024; and for services, it was 4,7%, up from 4,6% in April 2024. Note: Not all items in the CPI are surveyed every month.

US Expected Change in Inflation Rates: Next 5 Years is at 3.10%, compared to 3.00% last month and 2.80% last year. This is lower than the long term average of 3.19%.

The Consumer Price Index (CPI) rose 1.0 per cent in the June 2024 quarter and 3.8 per cent annually, according to the latest data from the Australian Bureau of Statistics (ABS).

The Consumer Prices Index including owner occupiers' housing costs (CPIH) rose by 3.1% in the 12 months to July 2024, up from 2.8% in June 2024.

In March 2024, Core CPI rose 3.8% YoY and headline CPI rose 3.5% YoY. Core Services rose 3.2%, Core Goods fell 0.2%, Food rose 0.3% and Energy rose 0.2%. Source: Bloomberg Financial L.P.