Overall inflation rate is down from its peak in 2022 but still above the Federal Reserve's target of 2%
Energy prices have been declining, helping to bring down overall inflation
Food prices are still rising, driven by supply chain disruptions and other factors
Federal Reserve is expected to continue raising interest rates to fight inflation
Core inflation rate (excluding food and energy) is also easing but remains elevated
The Federal Reserve's monetary policy decisions will also play a major role in shaping the future of inflation
Economists are forecasting that inflation will continue to decline in 2024
Top 7 Most Romantic Getaways for Valentine’s Day in the USA.
Learn more