Cost Of Living 2024 Trends In Us. Caribbean central america northern america south america. Inflation trended downward from 6.5 percent year over year in december 2022 to 3.4 percent year over year in december 2023.

Major cities, like new york city, have a higher cost of living than smaller cities, like albany. A record share of households are uncertain about the us economic outlook, most expect inflation to take a bigger chunk of.