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20th Jun 2023 20:19U.K., Daily Monitor

  • Our seasonally adjusted version of the core CPI rose at a month-to-month annualised rate of 8.9% in May...
  • ....The momentum cannot be attributed to one-off events; the MPC will increase Bank Rate again.
  • Producer price inflation, however, has fallen sharply, and wage growth will slow; the MPC won’t hike to 6.0%.

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Keywords for: 22 June 2023 UK Monitor

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