Inflation Rate Predictions 2024 Uk. Uk consumer price inflation 2% in 12 months to june; Other forecasters are marginally less pessimistic, hopeful that a fall in inflation will help to increase real wages and consumer spending.
Inflation held steady at the bank of england’s 2% target in june, official national statistics data showed wednesday. Our inflation calculator is designed for illustrative and general reference purposes only.
But The Problem Is That Other Data Points Remain Mixed.
Uk inflation headed to 2 1/2 year low adds to case for rate cuts.
If The Basket Of The Things We Talked About Was £100 A Year Ago, Then Today It Would Cost £102.
The headline reading came in above analyst expectations at 1.9%.
Inflation Rate Predictions 2024 Uk Images References :
The Latest Update From The Office For National Statistics (Ons) Puts The Consumer Prices Index (Cpi) Measure Of Inflation Remained At 2.0% In The Year To June.
Updated uk inflation figures are due on wednesday may 22 and the forecast is for an annual rise of 2.7% for the consumer price index (cpi), according to factset estimates.
It Began To Rise In 2021 And Reached A Peak Of 11% In 2022.
Inflation is on track to return to the 2% target in april.