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Economists forecast inflation falling below Bank of England's 2% target by April

Walker Crips' Market Commentary

20-02-2024 • 6 mins

UK inflation data released last week provided a surprise as headline inflation remained steady at 4% year-on-year, defying expectations for a slight increase. The core Consumer Price Index ("CPI") was also below forecast at 5.1%. Monthly CPI figures declined 0.6%, contrasting with the anticipated 0.3% drop. Despite services inflation persisting at 6.5%, slightly below projections, economists are optimistic, forecasting a dip in inflation to 3.4% in February and a return below the Bank of England's ("BOE") 2% target by April...


Stocks featured:

RELX, Centrica and NatWest Group



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