Pantheon Macroeconomics
Best viewed on a device with a bigger screen...
17th Aug 2022 14:23U.K., , Weekly Monitor
A jump in food prices was the main driver of July’s rise in CPI inflation, and the overshoot of the MPC’s forecast.
The core CPI continued to rise quickly, but recent falls in commodity prices point to slower increases ahead.
Lower petrol prices will mean CPI inflation undershoots the MPC’s forecast in August; a 25bp hike is on the table.
brent crude, cbi, commodity prices, core cpi, core goods, cpi, cpi inflation, electricity, energy, energy prices, food cpi inflation, food prices, fuel, futures prices, gas prices, government, headline inflation, headline rate, implications, July, labour, labour market, manufacturing, manufacturing pmi, motor fuel, mpc, natural gas, natural gas prices, Ofgem, oil, oil prices, ONS, petrol prices, pmi, rpi, rpi inflation, September, us, wage rises, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence