Pantheon Macroeconomics

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10th Feb 2024 14:12UK, Weekly Monitor

  • We think the headline rate of CPI inflation rose merely to 4.1% in January, from 4.0% in December...
  • ...But services inflation likely leapt by 0.5pp to 6.9%; January 2023’s fall in the catering CPI likely wasn’t repeated.
  • Our services inflation forecast exceeds the MPC’s, but it would still point to slowing near-term momentum.

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Keywords for: 12 February 2024 UK Monitor

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