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15th Nov 2023 18:49UK, Daily Monitor

  • October’s 4.6% rate of CPI inflation undershot the MPC’s forecast by 0.2pp, largely due to services prices.
  • The core CPI has risen at a seasonally adjusted annualised rate of just 2.2% over the past three months...
  • ...Some one-off price falls have supported the slowdown, but PPI data suggest it will largelybe sustained.

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Keywords for: 16 November 2023 UK Monitor

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