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3rd Aug 2023 20:21U.K., Weekly Monitor

  • The headline rate of CPI inflation looks set to under- shoot the MPC’s latest forecasts in Q3 and Q4...
  • ...As stable producer prices restrain goods price rises and labour market slack builds, cooling wage growth.
  • July’s near-50 PMI likely doesn’t signal a downturn, but the MPC’s forecast for Q3 GDP also looks a bit too high.

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Keywords for: 7 August 2023 UK Monitor

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