What will be the 12-month percentage change in the US Consumer Price Index (CPI) for December 2024?
Closing 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%.
Confused? Check our FAQ or ask us for help. To learn more about Good Judgment and Superforecasting, click here.
To learn more about how you can become a Superforecaster, see here. For other posts from our Insights blog, click here.
| Possible Answer | Crowd Forecast | Change in last 24 hours | Change in last week | Change in last month |
|---|---|---|---|---|
| Up by less than 1.250% or down | 0% | 0% | 0% | -0.81% |
| Up by at least 1.250%, but less than 1.750% | 2.05% | +1.05% | +0.05% | -0.89% |
| Up by at least 1.750%, but less than 2.250% | 28.15% | -2.85% | -3.85% | +8.27% |
| Up by at least 2.250%, but less than 2.750% | 55.45% | +2.45% | +12.45% | -5.99% |
| Up by at least 2.750%, but less than 3.250% | 11.15% | -0.85% | -2.85% | -0.16% |
| Up by at least 3.250%, but less than 3.750% | 2.05% | +0.05% | -5.95% | -0.45% |
| Up by at least 3.750%, but less than 4.250% | 0.90% | -0.10% | -0.10% | +0.15% |
| Up by 4.250% or more | 0.25% | +0.25% | +0.25% | -0.13% |