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9th Jan 2024 21:14UK, Daily Monitor

  • The headline rate of CPI inflation likely remained at 3.9% in December, staying 0.7pp below the MPC’s MPR forecast.
  • Core goods CPI inflation probably recovered a bit after November’s dip, but services inflation likely edged down.
  • A base effect likely reduced accommodation services inflation; no reason to expect an erratic airfares outturn.

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Keywords for: 11 January 2024 UK Monitor

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