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11th Jan 2023 14:51U.K., Daily Monitor

  • CPI inflation likely fell to 10.3% in December, from 10.7% in November, a hefty 0.6pp below the MPC’s forecast.
  • Motor fuel prices plunged in December, while flash Eurozone data point to a further slowing in food price rises.
  • Evidence is mixed on core goods price momentum, but the usual surge in airfares won’t lift the services CPI much.

accommodation airfares airline fares bank rate brent crude brent crude oil businesses commodity consumption core cpi core goods cpi cpi data cpi inflation December diesel food food prices fuel headline rate index Index Day inflation labour labour market May motor fuel mpc November oil ONS sterling transport us wages

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Keywords for: 12 Jan 2023 UK Monitor

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