2024 Inflation Rate Forecast. The consumer prices index including owner occupiers' housing costs (cpih) rose by 2.6% in the 12 months to september 2024, down from 3.1% in august. Global headline inflation is expected to fall from 8.7 percent in 2022 to 6.8 percent in 2023 and 5.2 percent in 2024.
The cleveland fed produces nowcasts of the current period’s rate of inflation—inflation in a given month or quarter—before the official cpi or pce inflation data are released. Inflation forecast is measured in terms of the consumer price index (cpi) or harmonised index of consumer prices (hicp) for euro area countries, the euro area aggregate and the united.