2024 Inflation 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. Private sector experts expect inflation to drop below 2.5% in 2024, according to the federal reserve bank of st louis.
The annual inflation rate in india soared to 6.21% in october of 2024 from 5.49% in the previous month, well above market expectations of 5.81% to mark the highest inflation rate in over one year. The result also marked the departure of indiaโs price growth from the rbiโs target of 2 percentage points away from the 4% level, further.