Pantheon Macroeconomics - May's consumer price figures, released today, will provide the first clean inflation read for three months, following the distortions created by this year's late Easter. Consensus forecasts and the MPC have underestimated CPI inflation regularly since the middle of last year, when the impact of sterling's depreciation began to push into the data.

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13 June 2017 May's Inflation Figures Likely Will Bring Another Upside Surprise

By Samuel Tombs

May's consumer price figures, released today, will provide the first clean inflation read for three months, following the distortions created by this year's late Easter. Consensus forecasts and the MPC have underestimated CPI inflation regularly since the middle of last year, when the impact of sterling's depreciation began to push into the data.

Posted: 12th Jun 2017 in 'U.K. Documents'

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