Freida Melesa

Current Inflation Rate 2024 Usa Today. Economy grew at an annual rate of 2.8% in the third quarter, led by strong consumer spending. Yet yearly core inflation has fluctuated between 2.6% and 2.8% since.

Inflation slowed to 2.5 percent in the year through august, but beneath the surface the details suggested that the costs of key categories, like housing, were stubborn. The annual inflation rate in the us likely accelerated to 2.6% in october 2024, up from 2.4% in september which was the lowest rate since february 2021, marking the first increase in inflation in seven months.