Inflation: Consumer Price Index (CPI), 2021 – 2024 YTD* Year-over-Year Percentage Change, by Month
8.9
9
8.6
8.5
8.4
8.28.2
8.2
The general “CPI -All Items” inflation reading for November 2024 ticked up to 2.7%.*
CPI - All Items
7.9
7.8
8
7.5
7.1
7.1
6.8
7
6.4 6.4
6.2
6.0
6
5.4
5.35.3
5.2
4.9
4.94.9
5
4.2
4.1
3.73.7
4
3.5 3.4
3.2 3.1 3.3
3.3
3.3
3.1 3.2
3.1
3.02.9
3
2.7
2.6
2.6 2.7
2.4
2
1.7
1.4
1
Updated through 12/11/24 release
The “target inflation rate” for the Federal Reserve Bank is 2%.
0
*Consumer Price Index for All Urban Consumers: All Items in U.S. City Average [CPIAUCSL], per Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/graph/?g=8dGq. Data from U.S. Bureau of Labor Statistics. CPIAUCSL is a price index of a basket of goods and services paid by urban consumers. This index includes roughly 88 percent of the total population. Data from sources deemed reliable but may contain errors and subject to revision.
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