Cost Of Living 2024 Forecasting. Global growth is projected to stay at 3.1 percent in 2024 and rise to 3.2 percent in 2025. A cost of living index helps you understand how much it costs to live in one area compared to another.

Inflation forecast targeting requires the central bank to provide a coherent narrative to the public that links its current decisions to the way it expects economic. Global inflation will fall in 2023 and 2024 amid subpar economic growth.