Inflation Rate 2024 Forecast. 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. We forecast core pce prices—the fed’s preferred inflation metric—to rise 2.4% in 2024, down from 3.4% in 2023.

Against a challenging growth backdrop, the road to lower inflation also looks bumpy in the u.k. 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).