Inflation Cools to 2.4 Percent in March, Lowest in 6 Months

Declining energy costs fueled the better-than-expected inflation report.

A sign displays gas prices at a gas station in Chicago on May 21, 2024. Scott Olson/Getty Images

Falling energy prices helped U.S. inflation cool in March, slowing to its lowest level in six months.

According to the Bureau of Labor Statistics, the annual inflation rate declined to 2.4 percent from 2.8 percent in February, the lowest reading since September 2024.