What Is The Cost Of Living Increase For 2024 In Usa. 128 rows the annual inflation rate for the united states was 2.5% for the 12 months ending august, compared to the previous rate increase of 2.9%, according to u.s. We expect that core inflation will decrease to 3.0% in 2024, primarily due to an expected decline in services inflation.

City average series for all items, not seasonally adjusted. A cost of living adjustment (cola) is a change in monthly social security benefits that accounts for inflation.