Cpi 2024 Rate

Cpi 2024 Rate. Smith said an interest rate cut is probably coming regardless of what happens with the cpi. Consumer price indices (cpi) measure changes over time in general level of prices of goods and services that households acquire for the purpose of consumption.

The consumer prices index (cpi) rose by 2.2% in the 12 months to july 2024, up from 2.0% in june 2024. Inflation falling closer to the federal reserve’s goal of a 2% annual rate clears the path for the fed to cut the central bank’s benchmark interest rate starting in.