Deutsche Bank: UK CPI will not return to target until early 2025

UK CPI to edge up to 10% in September

Deutsche Bank has projected that UK CPI will not return to target until at least early 2025, with the headline inflation figure remaining persistent over the coming two years.

In a research note seen by Investment Week, a senior economist at the bank wrote that although inflation pressures are projected too ease more markedly from the second quarter of next year amid weaker domestic and global growth, inflation will land around target only in early 2025.  Sanjay Raja, senior economist at Deutsche Bank, said that UK inflation will return to double digits in September and remain there for the rest of the year and into most of the first quarter of 2023.  'A short calm before the storm resumes': BoE likely to maintain pressure despite inflation dip Over the ...