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19th Apr 2023 15:10U.K., Daily Monitor

  • CPI inflation fell to 10.1% in March, from 10.4% in Febru-ary, but topped the MPC’s MPR forecast by 0.9pp.
  • Month-to-month increases in the core CPI have re- gained momentum; the MPC will lift Bank Rate again...
  • ...But PPI and energy price data suggest CPI inflation will ease to 3% by year-end; the MPC needn’t hike to 5%.

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Keywords for: 20 Apr 2023 UK Monitor

bank rate, core cpi, cpi, cpi inflation, energy, inflation, mpc, ppi, uk, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence