Inflation has fallen to 4.6% this year, but is forecast to persist at higher levels

CPI inflation

Outturn

March OBR

Bank of England November

12%

8

4

0

-4

2018

2020

2022

2024

2026

2029

Outturn

March OBR

Bank of England November

12%

8

4

0

-4

2018

2020

2022

2024

2026

2029