10 November 2023 UK Monitor October Services CPI Inflation Likely Undershot the MPC's Forecast
8th Nov 2023 21:18UK, Daily Monitor
- We think services inflation fell to 6.7% in October, from 6.9% in September, 0.2pp below the MPC’s forecast.
- Granted, Index Day was closer than usual to the school holidays, and rents CPI inflation likely continued to rise...
- ...But surveys show that substantially fewer firms raised prices than a year ago, when energy costs soared.
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