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15th Jun 2023 17:21U.K., Daily Monitor

  • We think that the headline rate of CPI inflation fell to 8.5% in May, from 8.7% in April...
  • ...Motor fuel prices dropped sharply, and surveys point to slower increases in food and core goods prices.
  • Index Day timing suggests that neither King Charles’ coronation nor Queen Bey’s concerts will boost the CPI.

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Keywords for: 16 June 2023 UK Monitor CPI Inflation Likely Fell in May, Driven by Easing Fuel and Food Inflation

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