Rate Of Inflation 2024 Usa Today. The report keeps the federal reserve on track to cut interest. Inflation rate for 2021 was 4.70%, a 3.46% increase from 2020.
The fed said itโs probably done hiking rates to fight inflation and is penciling in three rate cuts in 2024, a strategy that would lower borrowing costs for consumers and businesses. Inflation rate for 2020 was 1.23%, a 0.58%.