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20th Dec 2023 18:14UK, Daily Monitor

  • The headline CPI rose at a three-month-on-three-month annualised rate of just 1.8% in November.
  • The MPC won’t dismiss this as just noise; its new measure of underlying services inflation has slowed too. 
  • Stable producer prices and falling energy prices imply the headline rate will hit the 2% target as soon as May.

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Keywords for: 21 December 2023 UK Monitor CPI Inflation Set to Hit 2% Target As Soon As May, Facilitating Rate Cuts

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