California inflation forecast to ease in 2024, but housing costs may outpace overall slowdown

Experts predict inflation in California will stabilize in 2024, with overall consumer prices rising around 3-4% versus 4.1% in 2023.

Housing costs may climb more than average inflation next year, with median home prices forecast to rise 6.2% to $860,300.

Food and gasoline price increases are expected to slow in 2024, providing relief for consumers.

Risks remain, including ongoing high unemployment in California compared to national average.

While inflation outlook has improved, potential disruptions like wars could impact prices.