City economists predict annual rate will fall from 8.7% recorded in April and May but will still be higher than in eurozone

How Britain became the G7’s inflation outlier – in one chart

The UK’s inflation rate is expected to drop this week but is likely to remain four times over the Bank of England’s official target of 2%.

City economists predict that June’s consumer prices index, due on Wednesday, will fall to about 8.2% in the 12 months to June, down from the 8.7% recorded in April and May.