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8th Aug 2023 20:12U.K., Daily Monitor

  • The headline rate of CPI inflation likely fell to 6.8% in July, from 7.9% in June, matching the MPC’s new forecast.
  • The drop primarily will reflect falls in food and energy CPI inflation, but core CPI inflation likely edged down too.
  • BRC data point to lower core goods CPI inflation; services inflation likely was steady due to a rise in rents.

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Keywords for: 10 August 2023 UK Monitor

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