What Is Inflation Rate 2024 Uk. Inflation is then projected to cool down to 2.3% by 2026, yet it's still poised to hover over the bank of england's target rate of 2%. Price indices percentage changes and weights for the different measures of consumer price inflation.
This influences the rates that banks and building societies across the uk charge their customers for. Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or.