2024 Inflation Rate Forecast Uk. The prices of some things, such as butter, are already lower than they were a few months ago. Bank of england to take a more cautious approach to easing monetary policy, taking the base rate to 3.5% by the end of 2025.
Cpi inflation has risen from 0.7% yoy in march to 2.5% in june, versus the forecast for june of 1.7% in the may mpr. Rising food and energy costs were responsible for much of this increase,.