Projected Inflation For 2025. Measured from the fourth quarter of one calendar year to the fourth quarter of the next, inflation in the price index for personal consumption expenditures (pce) falls from an estimated 2.5 percent in 2024 to 2.2 percent in 2025, 2.1 percent in 2026, and 2.0 percent in 2027. It should then fall to 2.3% in 2026, 2.1% in 2027, 2.1% in.
Goldman sachs research forecasts that core pce inflation, excluding tariff effects, will fall to 2.1% by the end of 2025. In 2025, inflation rises slightly, to 2.2 percent, as downward pressures on inflation in food and energy prices ease and stronger economic activity modestly increases price pressures for some categories of services.