Cost Of Living 2024 Forecast 2024. Monetary policy should stay the course to restore price. 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.
Morgan research forecasts global core inflation will remain sticky at around 3% in 2024. Global inflation is forecast to rise from 4.7 percent in 2021 to 8.8 percent in 2022 but to decline to 6.5 percent in 2023 and to 4.1 percent by 2024.