U.S. monthly inflation and core inflation rates 2020-2024

Published by
Abigail Tierney,
Dec 30, 2024

In November 2024, Inflation increased slightly by 2.7 percent since November 2023. However, core inflation has held more steady, remaining unchanged since November 2023. 

Monthly inflation rate and core inflation rate in the United States from November 2020 to November 2024 (not seasonally adjusted)

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Release date

December 2024

Region

United States

Survey time period

November 2020 to November 2024

Supplementary notes

Core inflation measured by the BLS uses the modified Laspeyres formula which differs from the personal consumption expenditures price index which uses the Fisher-Ideal formula. PCE measures spending by and on behalf of the personal sector, which includes both households and nonprofit institutions serving households; the CPI measures out-of-pocket spending by households.

Data have not been seasonally adjusted.

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