Raina Elenore

2024 Inflation Rate Uk Forecast. We now expect cpi inflation to average 2.1% in 2024, down from our november forecast of 3.1%. 16 october 2024 11:13am bst.

Rising food and energy costs were responsible for much of this. Uk inflation has plummeted to 1.7%, below the bank of england’s (boe) target for the first time in three years, sending shockwaves through the money markets, which now.