Current Inflation Rate 2024 Uk Government

Current Inflation Rate 2024 Uk Government. If the latest fall in uk inflation is sustained, some economists reckon the bank of england may cut rates as soon as the spring, around the same time as those. The annual inflation rate in the uk edged up to 2.2% in july 2024 from 2% in june, but below forecasts of 2.3%.

Uk gross domestic product (gdp) is estimated to have increased by 0.6% in quarter 2 (apr to june) 2024, following an increase of 0.7% in quarter 1 (jan to mar) 2024. We set monetary policy to achieve low and stable inflation.