Inflation In 2025 Usa. Nairu is the nonaccelerating inflation rate of unemployment, a measure of labor market equilibrium. Our baseline forecast for 2025 calls for 2.5% growth, unemployment of 4.2% and pce inflation at 2.2%.
Unemployment rate forecasts are the average for the fourth quarter of 2025. Nairu is the nonaccelerating inflation rate of unemployment, a measure of labor market equilibrium.