Inflation Rate 2024 California. But while food and gasoline price increases slow, housing costs may climb more than the average rate of inflation, according to economic experts. On the services side, some california residents are struggling to get affordable auto insurance, with premiums rising 17.7% from 2023 to 2024, according to bankrate.com.

The 2024 projection is both good and bad news. At this time last year, many predicted a recession, but.