Inflation Rate 2024 Forecast Uk. The rate of uk inflation slowed to 2% in may and june, hitting the bank of england’s target, before inching up slightly to 2.2% in july and holding steady at this. Inflation forecast is measured in terms of the consumer price index (cpi) or harmonised index of consumer prices (hicp) for euro area countries, the euro area aggregate and.

The consumer price inflation detailed briefing note contains details of the items contributing to the changes in the cpih (and rpi), details of any notable. Wages and prices have responded sluggishly to inflation and food prices will continue to surge.