What Is The Current Rate Of Inflation Uk 2024. Why does bank rate influence spending and inflation? Prices rose faster for housing and household services (3.7% vs 2.3%), as.
The latest update from the office for national statistics (ons) puts the consumer prices index (cpi) measure of inflation at 2.2% for the year to august 2024, unchanged from july. In november 2024, the bank of england cut rates to 4.75%, in a move that had been widely expected.