Inflation Rate Predictions 2024 Uk. We now expect cpi inflation to average 2.1% in 2024, down from our november forecast of 3.1%. The consumer prices index including owner occupiers’ housing costs (cpih) rose by 3.1% in the 12 months to july 2024, up from.

Uk consumer prices rise by 2.3% in annual terms in april; Uk interest rates were cut on 1 august 2024 for the first time since 2020, bringing relief to many households and businesses struggling with higher mortgage costs and debt repayments.