US Consumer Price Index YoY Monthly Analysis: Consumer Price Index (2024)

FAQs

What is the CPI U for the last 12 months? ›

Not seasonally adjusted CPI measures The Consumer Price Index for All Urban Consumers (CPI-U) increased 2.5 percent over the last 12 months to an index level of 314.796 (1982-84=100). For the month, the index increased 0.1 percent prior to seasonal adjustment.

The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.

Basic Info. US Core Consumer Price Index MoM is at 0.28%, compared to 0.17% last month and 0.23% last year. This is lower than the long term average of 0.30%.

Not seasonally adjusted CPI measures

The Consumer Price Index for All Urban Consumers (CPI-U) increased 2.5 percent over the last 12 months to an index level of 314.796 (1982-84=100). For the month, the index increased 0.1 percent prior to seasonal adjustment.

A higher CPI often means that a less stringent government policy is generally in place. This means that debt is often easier to obtain for cheaper and that individuals have greater spending capacity.

The most well-known indicator of inflation is the Consumer Price Index (CPI), which measures the percentage change in the price of a basket of goods and services consumed by households.

US Consumer Price Index: Food Away From Home is at a current level of 370.35, up from 369.38 last month and up from 356.08 one year ago. This is a change of 0.26% from last month and 4.01% from one year ago.

Basic Info. US Consumer Price Index YoY 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 Points. CPI measures prices at the end user level; PPI measures the prices producers pay at the wholesale level. Headline CPI tracks all prices, but core CPI strips out food and energy prices. The PCE's weighting and source material make it the Federal Reserve's preferred inflation measure.

What is the true inflation rate right now? ›

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

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.

CPI – 2.2%, unchanged from July.

CPI Graph. The Bureau of Labor Statistics (BLS) publishes the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) on a monthly basis. We use the CPI-W to annually adjust benefits paid to Social Security beneficiaries.

Inflation is a sustained increase in prices of goods and services, which can negatively impact purchasing power and lead to tough financial decisions for consumers. The Federal Reserve targets a 2% annual inflation rate as a sign of a healthy economy.

The Consumer Prices Index (CPI) rose by 2.2% in the 12 months to August 2024, unchanged from July.

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. The next inflation update is scheduled for release on October 10 at 8:30 a.m.

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.