Inflation Rate 2024 Predictions Uk. 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 august 2024, unchanged from. Financial markets and traders are still expecting it to cut its base rate in 2024 due to the inflation rate falling sharply since peaking at 11.1% in october 2022, which was the.

Financial markets and traders are still expecting it to cut its base rate in 2024 due to the inflation rate falling sharply since peaking at 11.1% in october 2022, which was the. We now expect cpi inflation to average 2.1% in 2024, down from our november forecast of 3.1%.