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Current US Inflation Rates: 2000-2024. The annual inflation rate for the United States was 2.4% for the 12 months ending September, compared to the previous rate increase of 2.5%, according to U.S. Labor Department data published on October 10, 2024.
The CPI inflation calculator uses the Consumer Price Index for All Urban Consumers (CPI-U) U.S. city average series for all items, not seasonally adjusted. This data represents changes in the prices of all goods and services purchased for consumption by urban households.
In September, the Consumer Price Index for All Urban Consumers rose 0.2 percent, seasonally adjusted, and rose 2.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy increased 0.3 percent in September (SA); up 3.3 percent over the year (NSA).
These charts track the prices consumers are paying for groceries and other goods now compared to the cost five years ago, as inflation lingers.
To get a more accurate sense of how prices have risen, CNBC Make It looked at consumer price index data since April 2021 to see how much more Americans are actually paying for everyday items. In...
CPI Latest Numbers. CPI-U, US City Average, All Items: NSA +0.2% in Sep 2024. SA +0.2% in Sep 2024. NSA +2.4% since Sep 2023. CPI-U, US City Average, All Items Less Food and Energy: NSA +0.3% in Sep 2024. SA +0.3% in Sep 2024. NSA +3.3% since Sep 2023.
The 2.5 percent cost-of-living adjustment (COLA) will begin with benefits payable to nearly 68 million Social Security beneficiaries in January 2025. Increased payments to nearly 7.5 million SSI recipients will begin on December 31, 2024.
In July, consumer prices were 2.9% higher than the year before, higher than the Federal Reserve's target 2% target and the 14th consecutive month around the 3% mark.
Social Security on Thursday announced an 8.7 percent cost of living adjustment for retirees, the largest inflation adjustment to benefits in four decades — a welcome development for millions...
The latest COLA is 2.5 percent for Social Security benefits and SSI payments. Social Security benefits will increase by 2.5 percent beginning with the December 2024 benefits, which are payable in January 2025. Federal SSI payment levels will also increase by 2.5 percent effective for payments made for January 2025.