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- Q4 is set to have inflation rates of 11% or over according to the betting odds
- What is Consumer Price Inflation?
- The CPI rate for the last 10 years shows a massive change
Q4 is set to have inflation rates of 11% or over according to the betting odds
Bookies expect the Annual inflation rate (CPI) to hit 11% or over in Q4 with an 88% chance of doing so according to the odds.
The current annual rate of inflation in Q3 sat at 9.9%, a rise of over 6% since August 2021.
Smarkets suggest that the annual rate of inflation will rise further in Q4 and give odds of 1/8 that it hits 11% of over.
| Annual inflation rate (CPI): 2022 Q4 | Odds | Probability |
|---|---|---|
| Under 9.0% | 15/1 | 6.2% |
| 9.0-9.9% | 11/1 | 8.3% |
| 10.0-10.9% | 7/1 | 12.5% |
| 11% or over | 1/8 | 88.9% |
Financial Betting - What is it and How to Do It?
What is Consumer Price Inflation?
Consumer Price Inflation or the Consumer Prices Index is now the standard measure of inflation in the UK.
Since 1996, the UK has also tracked the Consumer Price Index figure with an initial target rate of inflation at 2.5%
Fast forward more than 25 years later though and the inflation rate is hitting over 10%.
The CPI rate for the last 10 years shows a massive change
This chart from the Government's website shows the drastic change in CPI rate in the last decade.
The last 12 months have seen a drastic rise and this is likely to continue going forward.
