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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.
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.
About the CPI Inflation Calculator. 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. Home.
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
Inflation Rate in the United States decreased to 2.50 percent in August from 2.90 percent in July of 2024. This page provides - United States Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.
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.
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.
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%. 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.
The table displays historical inflation rates with annual figures from 1914 to the present. These inflation rates are calculated using the Consumer Price Index, which is published monthly by the Bureau of Labor Statistics (BLS) of the U.S. Department of Labor.
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.