Inflation United States 2024
Average inflation: 3.0%
Current Inflation
Inflation is high at 3.0%, well above the ECB target.
Peak and Trough
The highest inflation was in March at 3.5%. The lowest inflation was in September at 2.4%.
- Highest month
- March: 3.5%
- Lowest month
- September: 2.4%
- Difference
- 1.1 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Miscellaneous goods and services with an average of 8.3%. The lowest price increase was in Transport with an average of -3.1%.
- Highest increase
- Miscellaneous goods and services: 8.3%
- Lowest increase
- Transport: -3.1%
Historical Context
Current inflation is 1.2% lower than the 5-year average of 4.2%.
- 5-year average
- 4.2%
- 10-year average
- 2.9%
- All-time high (2022)
- 8%
- All-time low (2009)
- -0.3%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +1.1 percentage point.
- Change vs. previous year
- -1.1 percentage points
- Largest monthly swing
- January: -3.3 percentage points
ECB Target
Inflation is 1.0% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €103.00 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 3.1% | -3.3 |
| February | 3.2% | -2.8 |
| March | 3.5% | -1.5 |
| April | 3.4% | -1.5 |
| May | 3.3% | -0.7 |
| June | 3.0% | 0.0 |
| July | 2.9% | -0.3 |
| August | 2.5% | -1.2 |
| September | 2.4% | -1.3 |
| October | 2.6% | -0.6 |
| November | 2.7% | -0.4 |
| December | 2.9% | -0.5 |
| Average | 3.0% |
Data source
Data from OECD. Last updated: 11/01/2026.