What will be the 12-month percentage change in the US Consumer Price Index (CPI) for February 2024?
Closed Mar 01, 2024 08:01AM UTC
Inflation in the US has been cooling in 2023 but remains above the Federal Reserve's target of 2% (CNBC, Investopedia - CPI). The question will be suspended on 29 February 2024 and the outcome determined using the 12-month percentage change for February 2024 as first released by the Bureau of Labor Statistics (BLS) for "All items" as reported by the Federal Reserve Economic Data (FRED) database, expected in March 2024 (FRED, click "EDIT GRAPH" and change "Units" to "Percent Change from Year Ago"). As of the launch of this question, the change for February 2023 was 5.98644%.
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The question closed "Up by more than 3.000% but less than 3.600%" with a closing date of 1 March 2024.
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| Possible Answer | Correct? | Final Crowd Forecast |
|---|---|---|
| Up by less than 1.200% or down | 0% | |
| Up by between 1.200% and 1.800%, inclusive | 5% | |
| Up by more than 1.800% but less than 2.400% | 4% | |
| Up by between 2.400% and 3.000%, inclusive | 39% | |
| Up by more than 3.000% but less than 3.600% | 51% | |
| Up by between 3.600% and 4.200%, inclusive | 1% | |
| Up by more than 4.200% | 0% |
Crowd Forecast Profile
| Participation Level | |
|---|---|
| Number of Forecasters | 73 |
| Average for questions in their first 6 months: 179 | |
| Number of Forecasts | 260 |
| Average for questions in their first 6 months: 463 | |
| Accuracy | |
|---|---|
| Participants in this question vs. all forecasters | average |
