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18th Oct 2022 15:24U.K., Daily Monitor

  • We’ll need to raise our forecast for CPI inflation in Q2 2023 by 5pp, if Ofgem’s unsubsidised price cap returns.
  • One option for the government is to maintain grants for low income households; these wouldn’t lower the CPI.
  • The MPC will worry more about demand than inflation expectations; unemployment will have risen by April.

cpi cpi inflation energy government income inflation mpc q2 unemployment

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Keywords for: 19 Oct 2022 UK Monitor

cpi, cpi inflation, energy, government, income, inflation, mpc, q2, unemployment, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence