The Bank of England forecasts a steep decline in inflation this year and expects the rate to fall below 1% by 2025
CPI inflation, year-on-year % change
12%
Forecast
10.8
2022 Q4
10
8
6
4
2
0.4
2026 Q1
0
2016
2018
2020
2022
2024
2026
12%
Forecast
10.8
2022 Q4
10
8
6
4
2
0.4
2026 Q1
0
2016
2018
2020
2022
2024
2026