20 August 2025
Data from the Office for National Statistics (ONS) shows that CPI inflation has risen back up to 3.8%, the highest since January 2024. Air travel during the summer holidays made a large contribution to this upward trend.
The Bank of England predicts a rise up to around 4% before falling back towards their target of 2%.
The next ONS release is due on 17 September 2025, with the Bank of England’s Monetary Policy Committee to release the bank rate decision the following day on 18 September 2025.
With news of the finance bill and government budget growing closer their may be some additional things to consider in areas of economic forecasting, especially for small businesses in the UK.
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