Us Inflation Rate August 2024 Inflation Rate. Consumer prices rose 2.9 percent in the year through july, a downtick from the prior month. Inflation's steady march lower continued wednesday, with the bureau of labor statistics reporting that consumer price growth slowed to 2.5% in august, the lowest measure.
The consumer price index rose by 2.5% in august, on an annual basis. The personal consumption expenditures price index was expected to increase 0.1% in august and 2.3% from a year ago.
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