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11th Mar 2024 09:20UK, Daily Monitor

  • We think the headline rate of CPI inflation fell to 3.5% in February from 4.0% in January.
  • Risks are for a lower reading, as our headline CPI inflation forecast is on the cusp of rounding to 3.4%.
  • We expect services inflation to slow to 6.1% in February, from 6.5%, matching the MPC’s forecast.

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Keywords for: 12 March 2024 UK Monitor

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