Rate Of Inflation 2024 Usa Today. The consumer price index, which measures price changes across commonly purchased goods and services, was 2.4% for the 12 months ended in september, slowing. The annual inflation rate hadn't dipped below 3% since march 2021.

This is lower than the long term average of 3.28%. As a result, giannoni expects the fed to lower its key rate to a range of 3.5% to 3.75% next year, above the 3.25% to 3.5% that fed officials predicted in september.