Inflation is forecast to fall in 2024, but remain above its 2% target

Outturn

November 2023 forecast

12%

Forecast

10

8

6

4

2

0

2020

2022

2024

2026

Outturn

November 2023 forecast

12%

Forecast

10

8

6

4

2

0

2020

2021

2022

2023

2024

2025

2026