Inflation 2024 Forecast. When making decisions, consumers and businesses may have to forecast the inflation rate far into the future. Upside risks to inflation have thus increased, raising the prospect of higher for even.
1 according to the latest update of the world economic outlook (weo) of the imf released on january 30, 2024, global growth is expected to remain steady at 3.1 per cent during 2024, the same as in 2023. The inflation rate increased due to higher prices of food, electricity, crude petroleum and natural gas, food products.