Predicted Rate Of Inflation 2024. We project inflation to continue to fall, averaging 2.4% in 2024 and then averaging just 1.8% over 2025. Inflation is projected to increase in the fourth quarter of this year before returning to target by the end of 2025 as cost pressures ease and the impact of past monetary policy decisions.
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 united. 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 july.
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