Uk Inflation Rate Prediction 2024

Uk Inflation Rate Prediction 2024. The latest update from the office for national statistics (ons) puts the consumer prices index (cpi) measure of inflation at 2.2% for the year to july 2024. According to the bank of england's latest forecasts from may 2024, inflation is expected to fall to the 2% target, go below that, before rising.

The rba does not expect inflation to return to its 2 to 3 per cent target band before december 2026, and that’s despite lifting interest rates by 4.25 percentage points. It had fallen to the bank of.