Inflation Rate 2024 Forecast Uk

Inflation Rate 2024 Forecast Uk.  — 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 again to 2.5%. 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.

 — what is the current rate of uk inflation? The annual inflation rate in the uk edged up to 2.2% in july 2024 from 2% in june, but below forecasts of 2.3%.