UK inflation could fall below 2% this year, Citi forecasts
by Phillip Inman from on (#6942X)
Falling gas prices and CPI decline could boost public finances before 2024 general election
Britain's inflation rate could fall to below 2% by the end of the year, according to new financial industry forecasts, handing the chancellor a boost to the public finances before a general election in 2024.
Predictions that falling gas prices will accelerate the decline this year in the consumer prices index (CPI) from last month's level of 10.1% could also support a recovery in household living standards and persuade the Bank of England to cut interest rates earlier than expected.
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