2024 Inflation Forecast Uk. In its latest forecasts, bank officials projected that inflation would be around half a percentage point higher as a result of the budget, peaking at 2.75 per cent in the middle of 2025. The boe said inflation was likely to rise to around 2.5% by the end of 2024 from 1.7% in september and 2.7% by the end of 2025 before falling gradually below its 2% target in.
Inflation in the uk flatlined at the bank of englandโs target of 2.0% in the 12 months to june 2024, strengthening hopes that the bank will reduce the bank rate from 5.25% to 5%. Yet the sheer scale of cost of living increases in past years has left adverse.