2024 Inflation Rate Forecast Uk. 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. We now expect cpi inflation to average 2.1% in 2024, down from our november forecast of 3.1%.

The office for national statistics (ons) releases this once a month. April is likely to see a 15% reduction in regulated energy tariffs which will lower the inflation rate by 1.5% while food price inflation is on track to slow towards 2%, ing predicts.