Track to get down to about 2.9% by the end of the year and the indication is inflation is beginning to cool. february is inflation number doesn t really reflect the russian invasion of ukraine because that came towards the end of the fabulous year so by the time march we will expect to see some of those prices start to cool. we know energy costs have come down and there is a lag before it filters through to us. we know oil prices and some commodity costs have come down but in terms of when interest rates then go back to those historic low levels we have had for more than a decade under 2% at the moment the expectation is that will take a couple of years before we get back to just 3.5% according to the bank of england itself during its last meeting predictions. don t expect we will go back to that ultralow money,
This year, consumers around the world will pay more for groceries than they did in 2022, unless commodity costs decrease or they shift to less expensive store-brand products
This year, consumers around the world will pay more for groceries than they did in 2022, unless commodity costs decrease or they shift to less expensive store-brand products
This year, consumers around the world will pay more for groceries than they did in 2022, unless commodity costs decrease or they shift to less expensive store-brand products