What will be the 12-month percentage change in the US Consumer Price Index (CPI) for December 2024?
Closed Jan 01, 2025 08:01AM UTC
The US inflation rate has continued to fall in the summer of 2024, though it remained higher than the Federal Reserve's target of 2% (CNBC, AP, Investopedia). The question will be suspended on 31 December 2024 and the outcome determined using the 12-month percentage change for December 2024 when first released by the Bureau of Labor Statistics (BLS) for "All items" as reported by the Federal Reserve Economic Data (FRED) database, expected in January 2025 (FRED, click "EDIT GRAPH" and change "Units" to "Percent Change from Year Ago"). As of the launch of this question, the change for December 2023 was 3.32316%.
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The question closed "Up by at least 2.750%, but less than 3.250%" with a closing date of 1 January 2025.
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Possible Answer | Correct? | Final Crowd Forecast |
---|---|---|
Up by less than 1.250% or down | 1% | |
Up by at least 1.250%, but less than 1.750% | 0% | |
Up by at least 1.750%, but less than 2.250% | 1% | |
Up by at least 2.250%, but less than 2.750% | 42% | |
Up by at least 2.750%, but less than 3.250% | 56% | |
Up by at least 3.250%, but less than 3.750% | 0% | |
Up by at least 3.750%, but less than 4.250% | 0% | |
Up by 4.250% or more | 0% |
Crowd Forecast Profile
Participation Level | |
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Number of Forecasters | 55 |
Average for questions in their first 6 months: 158 | |
Number of Forecasts | 259 |
Average for questions in their first 6 months: 418 |
Accuracy | |
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Participants in this question vs. all forecasters | average |