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13th May 2024 14:12UKDaily Monitor

  • CPI inflation likely fell to 2.0% in April, from 3.2% in March, 0.1pp lower than the MPC forecast.
  • Ofgem’s utility-price-cap cut as well as slowing goods and food inflation chop 95bp off inflation.
  • We expect services inflation to decline to 5.4% in April, as indexed price rises are lower than in 2023.

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