Inflation is forecast to fall from the highest rates since 1981

CPI inflation

12%

Forecast

10

24 February 2022

Russia invades Ukraine

8

6

4

2

0

-2

2019

2021

2023

2025

2027

12%

Forecast

10

8

24 February 2022

Russia invades Ukraine

6

4

2

0

-2

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028