Cpi Inflation Rate 2024. — on a monthly basis, cpih rose by 0.4% in august 2024, the same rate as in august 2023. — on a yearly basis, the cpi rose 2.9%, its lowest yearly growth rate since march of 2021 (and slightly below expectations of 3%).
— we don’t expect february’s cpi print to alter the fed’s plans to keep rates higher for longer until inflation materially lowers. Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may.