In 2024, global inflation is projected to decline to 5.8%, down from a 6.8% estimated annual average in 2023. The world bank’s prospects group has constructed a global database of inflation.
Easing price pressures boost the prospects of fed rate cuts this year. The consumer price index declined to a 3.3% annual rate, down from 3.4% in april.
Trading Economics Provides Data For 20 Million Economic Indicators From 196.
World inflation rate for 2020 was 1.94%,.
In 2024, Global Inflation Is Projected To Decline To 5.8%, Down From A 6.8% Estimated Annual Average In 2023.
World inflation rate for 2022 was 7.97%, a 4.5% increase from 2021.
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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.
Is global inflation on a downward path?
This Graphic Shows 2024 Inflation Projections Around The World, Based On Forecasts From The International Monetary Fund (Imf).