Cost Of Living 2024 Forecast. Ev volumes now forecasts that the market will grow by only. Five years from now, global growth should reach 3.1 percent—a mediocre performance compared with the prepandemic average.

While the headline rate of inflation is now 1.7%, core and services inflation remain significantly higher at 3.2% and 4.9%. Budgets for next year usually need cost increase assumptions, especially for labor but also for other business expenses.