UK inflation forecast: where are prices heading next?

In its latest forecast, the Bank of England said UK inflation could rise later this year. Is this a cause for concern?

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(Image credit: Oscar Wong via Getty Images)

Inflation in February unexpectedly slowed to 2.8% after a surprise jump to 3% in January, but expectations of a spike towards the end of the year are still lingering.

The headline figure of inflation (as measured by the Consumer Prices Index) is expected to hit around 3.75% in the third quarter of 2025, according to the latest forecast from the Bank of England.

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Daniel is a digital journalist at Moneyweek and enjoys writing about personal finance, economics, and politics. He previously worked at The Economist in their Audience team.

Daniel studied History at Emmanuel College, Cambridge and specialised in the history of political thought. In his free time, he likes reading, listening to music, and cooking overambitious meals.

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