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18th May 2023 15:03U.K., Daily Monitor

  • The RPI-CPI wedge increased to a 32-year high in March, but it will halve by the end of this year.
  • Energy has a bigger weight in the RPI than in the CPI; housing depreciation’s contribution will fall rapidly too.
  • The gap will widen again in 2024, though, as house prices recover but mortgage payments grind higher.

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Keywords for: 19 May 2023 UK Monitor

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