2024 Inflation Rate Forecast. It’s almost certain the federal reserve will unveil its first rate cut since 2020 at 2 p.m. After hitting a peak of 8.7% in 2022, global inflation is projected to fall to 5.9% in 2024, reflecting promising inflation trends amid resilient global growth.


2024 Inflation Rate Forecast

We project overall pce inflation to average 2.4% in 2024 and 1.8% over 2025 to 2028—just below the fed’s 2% target. We expect moderating shelter inflation in 2024 as the lag in market rents pricing should catch up in the inflation readings.

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