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18th Jul 2023 20:28U.K., Daily Monitor

  • The sharp fall in CPI inflation in June was driven by a broad-based slowing in price rises.
  • Producer output prices now are falling; both food and core goods CPI inflation will continue to weaken.
  • Services inflation will be stickier, but several surveys point to a further decline; the MPC’s job is nearly done.

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Keywords for: 20 July 2023 UK Monitor

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