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8th Sep 2022 15:23U.K., Daily Monitor

  • The average household will spend less on energy over the next six months than during the last six.
  • So a winter recession now looks unlikely, and the MPC can return to focussing on core CPI inflation.
  • Fiscal policy will stabilise demand, not lift it; job market slack still looks set to emerge, limiting rate hikes.

consumer prices core cpi cpi cpi inflation electricity energy fiscal stimulus fuel gas prices government headline rate inflation expectations inflation target January job market June labour labour market motor fuel mpc natural gas natural gas prices October Ofgem ois ois market ONS policy q1 q2 q3 recession tax cuts winter

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Keywords for: 9 Sept 2022 UK Monitor

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