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13th Feb 2024 19:18UKDaily Monitor

  • Headline CPI inflation and services CPI inflation both undershot the MPC’s forecast by 0.1pp in January.
  • Sharp falls in accommodation prices and airfares helped but the underlying rate of services price rises also eased.
  • The headline rate still looks set to fall below the 2% target in Q2, with core CPI inflation down to 3.0% by May.

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Keywords for: 15 February 2024 UK Monitor

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