Us Inflation Rate June 2024. Real gdp grew by 6.5 percent y/y in the first quarter of 2024, inflation has remained low at 5.4 percent y/y in july, and gross international reserves were adequate at us$42.3 billion as of september 1. With wages outpacing the inflation rate, americans are regaining some of the buying power lost in 2022.
Monthly inflation was unchanged in may as a modest increase in the cost of services was offset by the largest drop in goods prices in six months, drawing. Compared to the previous month, the cpi is projected to increase 0.2%, rebounding from a 0.1% drop in june, mainly due to an uptick in gasoline prices while prices for used cars probably declined and housing rents likely slowed.