Inflation 2024. As americans know all too well, inflation surged dramatically in 2022 and 2023 following the worst of the covid pandemic. Gasoline prices declined and grocery inflation remains low.

131 rows the annual inflation rate for the united states was 2.6% for the 12 months ending october, compared to the previous rate increase of 2.4%, according to u.s. Inflation fell from 6.5% in 2022 to 3.7% in 2023, despite economic growth accelerating.