Inflation: Consumer Price Index (CPI), 2021 – 2024 YTD* Year-over-Year Percentage Change, by Month
8.9
CPI - All Items
9
8.6
8.5
8.4
The general inflation reading for October 2024 ticked up to 2.6%. “Core CPI” (all items except food & energy) was unchanged at 3.3%.* “CPI -All Items”
8.28.2
8.2
7.9
Core-CPI
7.8
8
7.5
7.1
7.1
6.8
6.6
7
6.46.5
6.4 6.4
6.3
6.3
6.2
6.1 6.0
6.1
6.0
6.0
5.95.9
5.7
6
5.55.55.65.5
5.5
5.3
5.4
5.35.3
5.2
5.0
4.9
4.94.9
4.9
4.7
5
4.6
4.4
4.4
4.2
4.1 4.0
4.2
4.1
4.0 3.9
3.94.0
3.9 3.83.8
3.8
4
3.6
3.4
3.3 3.23.33.33.3
3.7 3.7
3.5
3.0
3.4
3.3
3.2
3.3
3.2
3.3
3
3.1
2.7
3.1
3.1
3.0
2.9
2.6
2.6
2.4
1.7
2
1.7
1.4 1.4 1.3
1
Updated through 11/13/24 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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