Customers shop for produce at a grocery store in Rosemead, California. (Frederic J. Brown/AFP via Getty Images) Inflation in the United States is down significantly from its recent highs, falling from an annual rate of 9.1% in June 2022 to 2.5% in August 2024. But actual prices remain elevated and, absent a recession, are likely to stay that way. Along with its closely watched national inflation measure – the Consumer Price Index for All Urban Consumers (CPI-U) – the U.S. Bureau of Labor Statistics tracks consumer prices by census region and in 23 major metropolitan areas around the country. This…
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