Inflation Rate 2024 Forecast Uk. Uk inflation could rise to 3% in early 2025. The last historical data point for inflation is 4.6% in october 2023, and the last data point for the bank rate is 5.25% in november 2023.
Bank of england to take a more cautious approach to easing monetary policy, taking the base rate to 3.5% by the end of 2025. The consumer prices index including owner occupiers’ housing costs (cpih) rose by 2.6% in the 12 months to september 2024,.