The outlook for inflation over the coming period is that it is likely to moderate further, with the average forecast for the next release – the figure for the year to February, due out on 20 March – indicating that inflation could be down to 4.3% on the RPI estimate and 3.4% on the CPI. Currently, these two measures stand at 4.9% and 4% respectively. Looking ahead, our panel of City economists expect further falls, with the RPI potentially dropping as low as 2.3% or thereabouts in June...
