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30th Jun 2025 17:49UKDaily Monitor

  • We expect CPI inflation to tick up to 3.5% in June from 3.4% in May, 0.1pp higher than the MPC expects.
  • Surging food prices—the biggest three-month rise in two years—and motor fuel base effects boost inflation.
  • Hot weather and a likely late CPI collection date pose upside risks to clothes prices.

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Keywords for: 2 July 2025 UK Monitor

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