2024 Inflation Rate Forecast
2024 Inflation Rate Forecast. But european officials have resisted indicating. Global inflation is forecast to decline steadily, from 6.8 percent in 2023 to 5.9 percent in 2024 and 4.5 percent in 2025, with advanced economies returning to their inflation targets sooner than emerging market and developing economies.
Food inflation, which accounts for almost 40% of the overall consumer price basket, has consistently stayed above 8% since november. The federal reserve bank of cleveland provides daily “nowcasts” of inflation for two popular price indexes, the price index for personal consumption expenditures (pce) and the consumer price index (cpi).