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4th Jun 2025 16:55UKDaily Monitor

  • The ONS overstated April CPI by 0.1pp because of an error in Vehicle Duty; this will be corrected in May CPI.
  • We adjust our forecasts only fractionally because we had assumed a good chance that VED was wrong.
  • Strong goods prices mean inflation should slow only to 3.4% in May, from the erroneous 3.5% in April.

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Keywords for: 6 June 2025 UK Monitor

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