Overall, inflation is forecast to come down slowly over the next 12 months, by just below a percentage point in the case of the CPI and CPIH, and around half that in the case of the RPI. Some of our panel of City economists see the CPI returning to its Government-set target of 2% within this period. Others disagree, emphasising the ‘stickiness’ of certain underlying pressures on increases in the cost of living instead.
