Forex Fundamentals
UK Inflation Rate (CPI)

UK Inflation Rate (CPI) 20 March 2024

UK Inflation Rate (CPI) 20 March 2024: 3.4% for February 2024, below the 3.5% forecast and down from 4% in January 2024. It is the lowest of the last 12 releases. It is the second release in a row below the forecast. Printed 3.4%, above the 2% target. It was released on Wed 20 Mar 2024 at 07:00 UTC.

These figures were verified on 4 Oct 2026 from the source: Office for National Statistics. This page reports the release as published: the figures, the consensus forecast and what a print like it usually does to the currency.

Actual
3.4%
February 2024
Forecast
3.5%
The market consensus
Previous
4%
As the source gives it

What a print like this usually does

Below the forecast: A clear miss or move closer to target can weaken sterling if traders expect earlier or faster rate cuts.

UK Inflation Rate (CPI) 20 March 2024: 3.4% for February 2024 against a 3.5% forecast, with the last 12 releases
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Cite this release

If you cite this release, please link to this page:

UK Inflation Rate (CPI) 20 March 2024: 3.4% vs 3.5% forecast (Office for National Statistics). Forex Fundamentals, https://forexfundamentals.com/economic-calendar/uk-cpi/2024-03-20

The last 12 releases · times in UTC
ReleasedForActualForecastPrevious
20 Mar 2024Feb3.4%3.5%4%
14 Feb 2024Jan4%4.2%4%
17 Jan 2024Dec4%3.8%3.9%
20 Dec 2023Nov3.9%4.4%4.6%
15 Nov 2023Oct4.6%4.8%6.7%
18 Oct 2023Sep6.7%6.6%6.7%
20 Sep 2023Aug6.7%7%6.8%
16 Aug 2023Jul6.8%6.8%7.9%
19 Jul 2023Jun7.9%8.2%8.7%
21 Jun 2023May8.7%8.4%8.7%
24 May 2023Apr8.7%8.2%10.1%
19 Apr 2023Mar10.1%9.8%10.4%
The release before:UK Inflation Rate (CPI) 14 February 2024The release after:UK Inflation Rate (CPI) 17 April 2024UK Inflation Rate (CPI): every recent resultThis week’s economic calendar