Inflation Rate By Month Chart 2024. Inflation is down from the june 2022 peak of 9.06%, but even moderate inflation can rapidly erode purchasing power and creates uncertainty as businesses have more difficulty estimating future costs. The consumer price index rose 3% in june 2024 from a year earlier, a decline from 3.3% in may, according to the u.s.

The annual inflation rate for the united states was 3% for the 12 months ending june, compared to the previous rate increase of 3.3%, according to u.s. Inflation rate for 2022 was 8.00%, a 3.3% increase from 2021.