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6th May 2024 18:52UKDaily Monitor

  • We expect CPI inflation to fall to 2.1% in April, from 3.2% in March, matching the MPC’s forecast.
  • Ofgem’s utility price-cap cut contributes about a third of that inflation fall, the rest is broad-based.
  • Services inflation likely slowed to 5.4% in April, 0.1pp stronger than the MPC expects.

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Keywords for: 8 May 2024 UK Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence