UK inflation falls back to official 2% target

Annual CPI inflation rate, %

12%

11.1%

Oct 2022

8

4

2%

target rate

2%

May 2024

0

May 2014

2016

2018

2020

2022

2024

12%

11.1%

Oct 2022

8

4

2% target rate

2%

May 2024

0

May 2014

2016

2018

2020

2022

2024