Inflation 2024 Forecast. The annual inflation rate in india soared to 6.21% in october of 2024 from 5.49% in the previous month, well above market expectations of 5.81% to mark the highest inflation rate in over one year. Global inflation is forecast to decline steadily, from 6.8 percent in 2023 to 5.9 percent in 2024 and 4.5 percent in 2025, with advanced economies returning to their inflation targets sooner than emerging market and.

In 2024, mortgage rates are still high, effectively pricing millions. The reserve bank of india has maintained its inflation forecast at 4.5% for this fiscal year, despite concerns over rising food and oil prices.