Predicted Inflation Rate For 2024 Uk. The rate of inflation is the change in prices for goods and services over time. The blue line in the chart represents the uk’s actual inflation rate and how it has varied compared with the bank of england’s continual 2% target (red line).
Oxford economics now expects cpi inflation to average 2.1 per cent in 2024, down from its november forecast of 3.1 per cent. In september 2024, the retail prices measure of inflation, or rpi, rose and remained higher than cpi: