Us Current Inflation Rate 2024-2024. The inflation rate is the percentage change in the price of products and services from one year to the next. The federal reserve announced at its june 2024 federal open market committee (fomc) meeting that it would maintain the overnight federal funds rate at the current range of 5.25% to 5.5%.
In 2024, global inflation is projected to decline to 5.8%, down from a 6.8% estimated annual average in 2023. The consumer price index (cpi) rose 0.3% in april, a touch lower than the consensus expectation of 0.4%.