Inflation Rate 2024 Usa. Federal reserve cuts rates by 50 basis points. Current annual inflation for the 12 months ending july 2024 is 2.89% jump to current inflation table | jump to current inflation chart.
Inflation is slowing — but so is the job market. The january 2024 consumer price index (cpi) report released on february 13 showed that the significant economic recalibration in the u.s.