Jun 3, 2024
Inflation May Not Come Back to Normal Levels Until 2025/2026
What we’re showing
This graphic shows inflation & interest rate forecasts for the U.S., UK, and Eurozone (the 20 EU nations that have adopted the euro as their currency). These figures come from S&P Global, and were published in April 2024.
Key takeaways
- S&P expects inflation in the U.S., UK, and the Eurozone to remain above the 2% target until 2025 or 2026
- The first rate cuts should come in the second half of 2024, with more gradual cuts coming in subsequent years