Us Inflation Rate June 2024

Us Inflation Rate June 2024. The consumer price index rose 3 percent in june on an annual basis, a sharper slowdown in inflation than economists had expected. 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.

Here are the key takeaways from the august us consumer price indexreport released wednesday: The federal reserve surprised some at its late july meeting by not dropping rates.