Current Rate Of Inflation 2024

Current Rate Of Inflation 2024. The rate of inflation is the change in prices for goods and services over time. While small businesses have consistently cited inflation as a top concern, the percentage who did so in july rose 4 points from the previous month.

The consumer price index rose 3% in june 2024 from a year earlier, a decline from 3.3% in may, according to the u.s. Inflation forces small businesses to pay more for supplies, but they are often afraid to raise their own prices at the same rate for fear of losing customers.