Civometry

OBR · 5 July 2024 – present

Inflation forecasts during the Labour 2024– government

2023 → 2025 · 2 periods

↓ 53.8%−3.9% per cent

Inflation forecasts fell by 53.8% over the period, from 7.3% per cent (2023, the level when the government took office) to 3.4% (2025, the latest available).

  1. Inherited level 2023: 7.3%
  2. Latest 2025: 3.4%
  3. method: latest complete period before start / before end

Changes during this period do not by themselves show what the government caused. Statistics reflect many influences, including earlier decisions, the economy and how the data is collected.

Inflation forecasts: 2009 to 2025LabourCoalitionCoalitionConservativeConservativeConservativeConservativeLabourLabour0%2.5%5%7.5%20102015202020252009: 2.2% per cent · published 26 March 20262010: 3.3% per cent · published 26 March 20262011: 4.5% per cent · published 26 March 20262012: 2.8% per cent · published 26 March 20262013: 2.6% per cent · published 26 March 20262014: 1.5% per cent · published 26 March 20262015: 0% per cent · published 26 March 20262016: 0.7% per cent · published 26 March 20262017: 2.7% per cent · published 26 March 20262018: 2.5% per cent · published 26 March 20262019: 1.8% per cent · published 26 March 20262020: 0.9% per cent · published 26 March 20262021: 2.6% per cent · published 26 March 20262022: 9.1% per cent · published 26 March 20262023: 7.3% per cent · published 26 March 20262024: 2.5% per cent · published 26 March 20262025: 3.4% per cent · published 26 March 2026
Published valueProvisional or revisedLatestShaded bands: governments (see labels)Hover or use arrow keys to read a value

Definition and caveats

CPI inflation averaged over each calendar year: the outturn as the OBR last knew it, with every official forecast for the same year.

Doesn’t measure: Inflation in any one month, RPI, or the price level.