Us Inflation Rate June 2024

Us Inflation Rate June 2024. Inflation expectations among us business leaders decreased in the third quarter of 2024, according toa survey from the cleveland fed. Here are five key takeaways from the us consumer price index report for june, released thursday:

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. For the month, the index increased 0.1 percent prior to seasonal adjustment.