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PRICES & SPENDING   •  Aug 2025  •  Volume 14 / Number 7
What price changes contributed the most to increases in the CPI in 2024?

What price changes contributed the most to increases in the CPI in 2024?

Between December 2023 and December 2024, consumer prices experienced disinflation, where prices still increased but by a smaller amount than before. The Consumer Price Index (CPI) increased 2.9 percent from December 2023 to December 2024. This was a slower rate of increase than in the three previous 12-month periods ending in December.

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