Cola Increase 2024 Projections Uk

Cola Increase 2024 Projections Uk. We now expect cpi inflation to average 2.1% in 2024, down from our november forecast of 3.1%. Inflation is on track to return to the 2% target in april.

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. The latest official figures suggest the uk’s economy stalled and then slipped into reverse over the summer, raising the risk that it edged into recession at the end of.