February 2024 Inflation Forecast. Inflation ran at 3.2 percent in the year through february, faster than expected, and a sign that inflation could prove difficult to fully stamp out. The central bank estimates the headline inflation for the next financial year (fy25) at 4.5%.
Tighter monetary policy and falling energy prices are forecast to dampen price pressures alongside a cooling labor market. We expect moderating shelter inflation in 2024 as the lag in market rents pricing should catch up in the inflation readings.
It Was Over 11% In The Autumn Of 2022, And It Is Just Over 3% Now.
We expect moderating shelter inflation in 2024 as the lag in market rents pricing should catch up in the inflation readings.
Global Growth Is Projected To Remain Moderate In 2024 And 2025, With Inflation Declining Towards Target In Most Countries By 2025.
But it raised its 2025 cola forecast to 1.8% in february, 2.4% in march, 2.6% in april, and 2.7% in may as the decline in inflation stalled in the neighborhood of 3% to 3.5%.
The Consensus Forecast For 2024.
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This Rises To 3.29% For March 2024.
These nowcasts give a sense of where inflation is today.
Consumer Prices Climbed 3.2% In February As 2% Goal Remains Elusive.
The global economy proved resilient in 2023, but there are signs that growth is easing as restrictive monetary policy takes effect.
According To The Fed’s Preferred Measure, Inflation Has Tumbled From 7.1% In June 2022 To 2.7% In March.