Inflation Us 2024 Forecast 2024. The annual inflation rate in the us accelerated to 2.6% in october 2024, up from 2.4% in september which was the lowest rate since february 2021, and in line with market expectations. The q3 2024 forecast indicates how robust consumer spending, high business investment, and lower interest rates have kept optimism about the us economy intact.
We project inflation to continue to fall, averaging 2.4% in 2024 and then averaging just 1.8% over 2025 to 2028. Consumer prices rose 2.6% in the 12 months to october, according to the us bureau of labor statistics.
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