U.K. Inflation Set to Slow More Quickly Than Forecast: Chart

(Bloomberg) -- The consensus view sees U.K. inflation trickling back to the Bank of England’s target by the end of 2019. Bloomberg Economics takes a different view: Even accounting for the recent rally in oil prices, it expects the rate to drop faster this year as companies complete the process of passing on higher import costs to consumers. With domestic costs assumed to build slowly, inflation should drop below the BOE goal next year, before returning to 2 percent in 2020.

To contact the reporters on this story: Dan Hanson (Economist) in London at dhanson41@bloomberg.net;Jamie Murray (Economist) in London at jmurray126@bloomberg.net

To contact the editors responsible for this story: Fergal O'Brien at fobrien@bloomberg.net, Zoe Schneeweiss

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