Current Inflation Rate 2024 Usa. The july 2024 cpi report will likely increase the fed’s confidence. 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.

Inflation cooled in august, the latest sign of progress in the federal reserve’s yearslong fight to bring rapid price increases back under control. The january 2024 consumer price index (cpi) report released on february 13 showed that the significant economic recalibration in the u.s.