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29th Jan 2024 11:03UK, Daily Monitor

  • Energy’s weight in the CPI will likely decline in 2024, limiting the impact of falling prices on the headline rate.
  • On net, weight changes will have a downward influence on the headline rate of inflation in January of about 8bp...
  • ...But will then raise the path from April, albeit by no more than 20bp in any one month in 2024.

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Keywords for: 30 January 2024 UK Monitor

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