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31st Oct 2023 09:05UK, Daily Monitor

  • CPI inflation likely fell sharply in October, driven chiefly by the energy component...
  • ...but BRC and Eurozone data are consistent with further declines in food and core goods CPI inflation too.
  • Our headline rate forecast, 4.6%, is 0.3pp below the MPC’s, but is subject to revision as more data come in.

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Keywords for: 1 November 2023 UK Monitor

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