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5th Feb 2024 20:23UK, Daily Monitor

  • CPI inflation likely rose to 4.1% in January, from 4.0% in December, mainly due to base effects.
  • BRC data point to a plunge in core goods CPI inflation, though the relatively early Index Day will limit the decline.
  • The MPC expects the headline rate to rise slightly, but the scale of the jump in services inflation will surprise it.

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Keywords for: 7 February 2024 UK Monitor

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