Usa Inflation Rate 2024

Usa Inflation Rate 2024. Inflation is down from the june 2022 peak of 9.06%, but even moderate inflation can rapidly erode purchasing power and creates uncertainty as. Inflation as measured by the consumer price index fell 0.1% in june, its lowest monthly growth rate since may 2020.

Annual inflation rate eases to 2.9% in july, the slowest since 2021. Shelter inflation has been stickier and remained elevated at 6.2% in december 2023.