2024 Inflation Forecast. Inflation forecast is measured in terms of the consumer price index (cpi) or harmonised index of consumer prices (hicp) for euro area countries, the euro area aggregate and the united kingdom. Morgan research forecasts global core inflation will remain sticky at around 3% in 2024.

In the eu, the disinflation process is set to be even sharper in 2024, with headline inflation falling to 2.6%, from 6.4% in 2023, and to. In the u.s., inflation has cooled significantly but still remains above target.