Usa Inflation Rate May 2024

Usa Inflation Rate May 2024. Inflation rate for 2022 was 8.00%, a 3.3% increase from 2021. A measure of the prices that people living in the united states, or those buying on their behalf, pay for goods and services.

The core personal consumption expenditures price index was expected to increase 0.1% in may and 2.6% from a year ago. The annual inflation rate in the us likely accelerated to 2.6% in october 2024, up from 2.4% in september which was the lowest rate since february 2021, marking the first increase in inflation in seven months.