Inflation Rate 2024 Forecast By Month. Inflation is projected to increase in the fourth quarter of this year before returning to target by the end of 2025 as cost pressures ease and the impact of past monetary policy decisions. The us inflation rate remains stubbornly above 3%, but economic observers expect it to fall closer to its 2% target by the end of 2024.

The consumer prices index including owner occupiers’ housing costs (cpih) rose by 2.6% in the. Core cpi (excluding food and energy) rose for the third consecutive month, with a 0.4% mom and 3.8% yoy increase.