2024 Cpi Forecast. Food inflation for july 2024 is the lowest since june 2023. The june 2024 cpi report will likely increase the fed’s confidence that inflation is on the way to its 2% target.

Following the pandemic hasn’t yet run. The consumer prices index including owner occupiers’ housing costs (cpih) rose by 3.1% in the 12 months to july 2024, up from 2.8% in june 2024.