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28th Mar 2023 15:30U.K., Daily Monitor

  • February’s jump in the food CPI can be explained only partly by poor harvests in southern Europe and Africa...
  • ...The rise in the processed food CPI was bigger than implied by producer prices; retailers’ margins have widened.
  • Consumers’ inflation expectations, however, have fallen, and they aren’t loyal to supermarkets; CPI inflation will fall.

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Keywords for: 29 Mar 2023 UK Monitor

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