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UK inflation set to hit three-year high, economists say

Published

A survey of 12 economists projects UK inflation will peak at an average of 4.4% next year, driven by rising energy prices. The Bank of England is widely expected to raise its key interest rate to 4% on Thursday.

The economists expect the peak around the start of 2027. They said rising energy prices will push inflation to its highest level in three years.

The Bank of England is the UK central bank. Markets widely expect it to raise its key interest rate to 4% at its decision on Thursday.

Key facts

Who
Bank of England (UK central bank expected to raise its key interest rate to 4 per cent)
What
An FT survey of 12 economists projects UK inflation peaking at an average of 4.4 per cent next year, driven by rising energy prices. The Bank of England is widely expected to raise its key interest rate to 4 per cent on the day of publication.
When
5 November 2026
Where
UK
Status
Reported

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