The Consumer Prices Index (CPI) rose by 2.6% in the 12 months to November 2024, up from 2.3% in October, but well below its recent peak of 11.1% in October 2022. On a monthly basis, CPI rose by 0.1% in November 2024, compared with a fall of 0.2% a year earlier.
U.S. inflation in December 2024 is expected to remain largely unchanged with headline consumer price index (CPI) and core CPI increasing by 2.8 percent and 3.3 percent year on year, respectively, according to Juneau and Park.
Harvard. Australian Bureau of Statistics 2025, Monthly CPI indicator rises 2.3% in the year to November 2024, ABS, viewed 10 January 2025, <https://www.abs.gov.au/media-centre/media-releases/monthly-cpi-indicator-rises-23-year-november-2024>.
The Consumer Price Index for All Urban Consumers (CPI-U) rose by 0.3 percent on a seasonally adjusted basis in November versus the prior month, following four consecutive months of 0.2 percent increases. Over the past 12 months, the all-items index has increased by 2.7 percent before seasonal adjustment.
The November 2024 Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), released Dec. 11, was 308.998, 0.1% above the FY 2025 baseline of 308.729.
The last category is divided by: Shelter (32%), Medical Care Services (7%) and Transportation Services (6%). The annual inflation rate in the US rose for a 2nd consecutive month to 2.7% in November 2024 from 2.6% in October, in line with expectations.
The indexation rate applied on 1 June 2023 of 7.1% has been reduced to 3.2% and the indexation rate applied on 1 June 2024 of 4.7% has been reduced to 4%.
Statement from National Economic Advisor Lael Brainard on the October 2024 Consumer Price Index. Today's report shows CPI inflation was 2.6% in October, close to its pre-pandemic rate.
Official forecasts suggested that CPI would reach 2.5% in June 2025 before rising back to 3.7% at the end of 2025, then continue to fall throughout 2026.
The all-items Consumer Price Index (CPI), a measure of economy-wide inflation, decreased 0.1 percent from October 2024 to November 2024 and was up 2.7 percent from November 2023. The CPI for all food increased 0.1 percent from October 2024 to November 2024, and food prices were 2.4 percent higher than in November 2023.
In November 2024, prices had increased by 2.7 percent compared to November 2023 according to the 12-month percentage change in the consumer price index — the monthly inflation rate for goods and services in the United States. The data represents U.S. city averages.
The UK's inflation rate in September 2024, as measured by the Consumer Price Index (CPI), was 1.7%. The detailed inflation figures for the year to September 2024 are as follows: CPI inflation was 1.7% in September 2024 (Index: 134.2), down from 2.2% in the year to August.
CONSUMER PRICE INDEX – APRIL 2024
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in April on a seasonally adjusted basis, after rising 0.4 percent in March, the U.S. Bureau of Labor Statistics reported today.
US Consumer Price Index is at a current level of 316.44, up from 315.45 last month and up from 308.02 one year ago. This is a change of 0.31% from last month and 2.73% from one year ago.
Year-on-year inflation rate based on all India Consumer Price Index (CPI) number is 4.75% (Provisional) for the month of May, 2024. Corresponding inflation rate for rural and urban is 5.28% and 4.15%, respectively. All India inflation based on General CPI is lowest for the month of May 2024 after May 2023.
As an economic indicator.
The CPI is the most widely used measure of inflation and is sometimes viewed as an indicator of the effectiveness of government economic policy.
The United States City Average Consumer Price Index (CPI-U) for October 2024 was 315.664 — representing a change of 2.6 percent over the index for October 2023.
Since 1975, Social Security's general benefit increases have been based on increases in the cost of living, as measured by the Consumer Price Index. We call such increases Cost-Of-Living Adjustments, or COLAs. We determined a 2.5-percent COLA on October 10, 2024. We will announce the next COLA in October 2025.
CPI for the months of January, February and March 2024 are 5.10, 5.09 and 4.85 respectively.