Inflation is down from the june 2022 peak of 9.06%, but even moderate inflation can rapidly erode. 127 rows the annual inflation rate for the united states was 3% for the 12 months ending june, compared to the previous rate increase of 3.3%, according to u.s.
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may. The january 2024 consumer price index (cpi) report released on february 13 showed that the significant economic recalibration in the u.s.