Inflation 2024 Prognose Ifo. The inflation rate excluding food and energy, often referred to as core inflation, was +2.9% in july 2024. Private sector experts expect inflation to drop below 2.5% in 2024, according to the federal reserve bank of st louis.
It is measured as the change in the consumer price index (cpi) compared with the same month a year earlier. But what are the key factors that could derail the southbound inflation rate in the us and will the upcoming us election have a bearing on the economy?