Pantheon Macroeconomics

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24th May 2023 15:42U.K., Daily Monitor

  • April CPI inflation overshot the MPC’s forecast by 0.3pp, making 25bp rate hikes in June and August very likely.
  •  But April should be last painful print; the bulk of annual price resets are in the past, and PPI data are cheering.
  • Surveys clearly point to a significant imminent slowing in the pace of price rises by retailers and services firms.

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Keywords for: 25 May 2023 UK Monitor

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