Cost Of Living 2024 Projections. The labor force is projected to reach 163.8 million in 2024, growing at an average annual rate of 0.5 percent over the course of the projections period. The survey of professional forecasters shows the median prediction for 2024 inflation is 2.5% (cpi) and 2.4% (pce).
Morgan research forecasts global core inflation will remain sticky at around 3% in 2024. Organizations are projecting 4.1% pay increase budgets in 2024 to remain competitive in the labor market.