Interest Rates 2024 Prediction Uk Inflation. But regardless of whether inflation is caused by a fall in supply or an increase in demand, interest rates can help reduce the impact on inflation. For one, the fresh cpi data due wednesday will be the first since the spring budget, where chancellor jeremy hunt made the bold forecast that inflation would reach the 2% target in 2024, a.

Inflation in the uk flatlined at the bank of england’s target of 2.0% in the 12 months to june 2024, strengthening hopes that the bank will reduce the. Core cpi inflation in the uk is currently 3.6% compared to 2.6% on the fed’s preferred pce measure..