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10th Mar 2022 18:00U.K., Daily Monitor

  • Households previously have reduced real expenditure on food and energy by 1% for every 5% rise in prices...
  • ...So year-over-year growth in the expenditure deflator will be materially lower than CPI inflation this year.
  • The RICS survey shows the housing market continued to fizz in February, but timelier data are sobering.

cpi cpi inflation electricity energy energy consumption house price house prices house purchase housing market imports ltv natural gas oil oil imports q4 residential market survey rics rics survey vehicles

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Keywords for: Households will Mitigate the Inflation Hit by Shifting their Spending Mix

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