Inflation 2024 Forecast Usa. The rate of inflation jumped in the first quarter of 2024, after easing since late 2022. Cbo projects that inflation will slow during the rest of 2024 and in 2025, reaching the federal reserve’s target of 2 percent by 2026 and stabilizing.

Grocery inflation rose at faster pace last month compared to same time a year. We expect moderating shelter inflation in 2024 as the lag in market rents.