BOE Chief Economist Assumes UK Inflation Will Fall Next Year

Bank of England Chief Economist Huw Pill said he expects UK inflation to start falling next year, assuming natural gas prices stabilize and then start to drop.

“We are expecting to see headline inflation tail off in the second half of next year in fact quite rapidly on account of those base effects,” Pill said at a web event on Wednesday. “There’s a lot of uncertainty around the outlook for gas price developments.”