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PBR: CPI inflation to reach 3%

Chancellor Alistair Darling says the Consumer Price Index will reach 3 per cent in 2010.

Speaking at today’s pre-Budget report, Darling predicts CPI will rise to 3 per cent during next year before falling again. He says the Bank of England expects inflation to be at 1.5 per cent by the end of the year, 0.5 per cent below target.

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  1. I assume we can rely on Mr Darlings current predictions in much the same way as his prediction in 2008 that we would only be in recession for 2 quarters after the stimulus package.

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