Inflation Rate 2024 In Usa. The annual inflation rate in the us accelerated to 2.6% in october 2024, up from 2.4% in september which was the lowest rate since february 2021, and in line with market expectations. The agency expects personal consumption expenditures — the fed’s preferred measure of inflation — cooling to 2.1% in 2024, according to the cbo’s semiannual forecast.
This inflation calculator uses the official us consumer price index and breaks down inflation by spending category. We expect that core inflation will decrease to 3.0% in 2024, primarily due to an expected decline in services inflation.