British Inflation Forecasts: A 2025 Outlook

The Office for Budget Responsibility projects British inflation to average 3.2% in 2025. This comes after a forecast of 2.6% inflation for the current year. Recent data indicates that consumer price inflation has eased to 2.8% annually as of February, showcasing a slight decrease.

The Office for Budget Responsibility has released projections indicating that British inflation is expected to average 3.2% in 2025. This forecast reflects a rise from the previous estimation for the current year.

During British finance minister Rachel Reeves's first budget in October, the OBR had anticipated inflation to be at 2.6% for this year. The figures highlight changing economic conditions.

Additionally, recent official statistics published on Wednesday show that consumer price inflation has eased to an annual rate of 2.8% as of February, suggesting a moderate decrease in inflationary pressure.

(With inputs from agencies.)