Treasury written question – answered on 24th June 2021.

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Photo of Jim Shannon Jim Shannon Shadow DUP Spokesperson (Human Rights), Shadow DUP Spokesperson (Health)

To ask the Chancellor of the Exchequer, what the rate of inflation will be in (a) 2022-23 and (b) 2023-24.

Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury

In its latest published Economic and Fiscal Outlook, from March 2021, the independent Office for Budget Responsibility forecast CPI inflation to be 1.8% in 2022, 1.9% in 2023 and 1.9% in 2024.

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