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31st Jul 2023 20:29U.K., Daily Monitor

  • The month-to-month increase in the BRC’s food shop price index in July was the smallest since April 2022...
  • ...Eurozone data also signal a slowdown, so we still think food CPI inflation fell to 15.0%, from 17.3% in June.
  • Both BRC and Eurozone data also point to a slowing in core goods price rises in July; the worst is over.

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Keywords for: 2 August 2023 UK Monitor

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