It's been three years since the United States began facing its highest inflation surge since 1981, which peaked at 9.1% in mid-2022. Although progress has been made in reducing the inflation rate through increased interest rates, the latest Consumer Price Index (CPI) report, which tracks the annual price changes of various goods and services, indicates that the inflation rate remains at 3.4%. This is relatively unchanged from the rate a year ago. Since May 2023, the inflation rate has fluctuated between 3.0% and 3.7%.