Us Inflation Rate 2024 By Month. For the month of september 2024, the inflation rate was 2.4%. 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.
Inflation rose 2.6% on an annual basis last month, representing an uptick from september when the federal reserve began cutting interest rates amid signs of cooling prices and a weaker labor. Inflation rate mom in the united states is expected to be 0.30 percent by.
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