2024 Inflation Rate Forecast. 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. Inflation measures the general evolution of prices.
Against a challenging growth backdrop, the road to lower inflation also looks bumpy in. The baseline forecast is for the world economy to continue growing at 3.2 percent during 2024 and 2025, at the same pace as in 2023.