The Bank of England expects inflation to fall sharply this year

Annual inflation rate, % change

12

Forecasts for

Q1 each year

Q4 2022

10.7%

10

2023 9.7%

8

6

4

2

2026

0.4%

0

2010

2013

2016

2019

2022

2025

12

Q4 2022

10.7%

Forecasts for

Q1 each year

10

2023 9.7%

8

6

4

2

2026

0.4%

0

2004

2007

2010

2013

2016

2019

2022

2025

Guardian graphic. Source: Bank of England