Consumer Price Index Rate January 2024. Us inflation rate is at 2.89%, compared to 2.97% last month and 3.18% last year. According to the composite cpi, overall consumer prices rose by 1.7% in january 2024 over the same month a year earlier, smaller than the corresponding.

The national consumer price index (cpi) increased by 0.3 percent month on month in january, rising for two consecutive months, an increase of 0.2 percentage. Indexes which increased in january include shelter, motor vehicle insurance, and medical care.