School Finance
June 12, 2024

Consumer Price Index May 2024

Source: NYSUT Research and Educational Services

The United States City Average Consumer Price Index (CPI-U) for May 2024 was 314.069 — representing a change of 3.3 percent over the index for May 2023.

The Northeast Area Consumer Price Index for May 2024 was 324.439 — representing a change of 3.9 percent over the index for May 2023.

The New York-Northern New Jersey Area Consumer Price Index for May 2024 was 332.633 — representing a change of 3.9 percent over the index for May 2023.

The June CPI will be available July 11, 2024.


Future projections of the CPI by businesses and economic organizations are found in the complete document. CPI increases are projected at 3.2 percent for 2024 and 2.4 percent for 2025.

 

June 12, 2024