Pantheon Macroeconomics - February's consumer price figures provided hard evidence that the import price shock, caused by sterling's depreciation last year, is filtering through faster than the MPC expected. We expect CPI inflation to continue to exceed the forecast set out in February's Inflation Report.

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22 March 2017 Inflation Will Continue to Exceed the MPC's Forecast

By Samuel Tombs

February's consumer price figures provided hard evidence that the import price shock, caused by sterling's depreciation last year, is filtering through faster than the MPC expected. We expect CPI inflation to continue to exceed the forecast set out in February's Inflation Report.

Posted: 21st Mar 2017 in 'UK Documents'

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