Inflation Rate 2024 Forecast. India’s retail inflation eased to 3.54% in july, from 5.08% in june and 4.75% in may 2024, according to the latest ministry of statistics and programme implementation data. The annual inflation rate probably stayed about even in july, as federal reserve officials inch closer to interest rate cuts that will take some pressure off the economy.
Global headline inflation is expected to fall to 5.8 percent in 2024 and to 4.4 percent in 2025, with the 2025 forecast. On a monthly basis, inflation was in line with economists’ expectations and slightly warmer than last month.
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