Uk Inflation Forecast 2024 2025. Meanwhile, the office for budget responsibility (obr) expects inflation to average out at 2.5% in 2024 and 2.6% in 2025. Uk inflation dropped less than forecast to 2.3 per cent in april, in a blow to hopes that the bank of england would be ready to cut interest rates as soon as next month.
A gradual pace, but more cuts than priced. June 2024 and forecasts for the uk economy: