Cpi Forecast May 2024. This mis report reflects public consensus on what is needed for a dignified socially acceptable standard of living in 2024, developed from group discussions held between may 2023 and. โ the sarb currently expects the economy to grow 1.1% in 2024 and 1.5% next year, and forecasts inflation to slow to below the 4.5% midpoint of its target range where it prefers to anchor.
The release boosted the likelihood of fed policymakers projecting two rate cuts for 2024 when they release their updated forecasts later. โ headline inflation (national cpi measure) has been close to 5% in recent months, compared with double digits until june 2023.