Rate Of Inflation 2024 Uk Gov. So if inflation is 3%, it means prices are 3% higher (on average) than they were a year ago. Meanwhile, the office for budget responsibility (obr) expects inflation to average out at 2.5% in 2024 and 2.6% in 2025.
626 rows use these filters to interact with the following chart. Price indices percentage changes and weights for the different measures of consumer price inflation.