Current Us Inflation Rate 2024 Predictions. The july 2024 cpi report will likely increase the fed’s confidence that inflation is on the way to its 2% target and position the fed to cut interest rates in september. The consumer price index, a broad gauge measuring the costs of goods and services across the u.s.

Economic growth, labor market slow. As of late 2024, inflation in the united states remains a focal point of both domestic and international economic discussion.