Us Inflation Rate August 2024. Before sharing sensitive information, make sure you're on a federal government site. The annual inflation rate in the us slowed for a fifth consecutive month to 2.5% in august 2024, the lowest since february 2021, from 2.9% in july, and below forecasts of 2.6%.
Shelter costs, a lingering source of inflationary pressure, drove the cpi increase The fed’s favorite inflation gauge, the personal consumption expenditures price index, showed consumers paid 2.2% more for goods and services for the year ended in.