23:11 14 November 2024
Inflation forecast to slow in 2024
The Institute of Economic Forecasts and Analysis (IPAG) estimates that consumer inflation will fall to 4.7% by the end of 2024, down from 5% in October. However, the institute cautions that inflation forecasts for next year are uncertain due to political decision-making. In Q3 2024, significant price hikes were seen in housing and energy (9.1%), education (9%), and restaurants and hotels (7.5%), while clothing and transport saw slight price decreases. IPAG predicts inflation will rise again in early 2025, reaching a peak in March before declining. By December 2025, inflation is expected to hit 4%. However, the forecast is highly uncertain, especially regarding potential energy price liberalization, which could further accelerate inflation.
Source: pl.investing.com
