Us Inflation Rate 2024 Today. Consumer prices rose 2.9 percent in the year through july, falling below 3 percent for the first time since 2021. On a yearly basis, the cpi rose 2.9%, its lowest yearly growth rate since march of 2021 (and slightly below.

For the month, the index increased 0.1 percent prior to seasonal adjustment. Inflation rate for 2021 was 4.70%, a 3.46% increase from 2020.