Inflation Rate 2024 Predictions. We think it is likely to stay around 2% in the coming months, due energy prices being lower than they were a year. The cleveland fed produces nowcasts of the current period's rate of inflation—inflation in a given month or quarter—before the official cpi or pce inflation data are released.

Prices excluding food and energy rose a modest 0.1%. The survey of professional forecasters shows the median prediction for 2024 inflation is 2.5% (cpi) and 2.4% (pce).