Pantheon Macroeconomics

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16th May 2022 00:00U.K., Daily Monitor, Weekly Monitor

CPI inflation likely soared to 9.2% in April, from 7.0% in March, largely due to the jump in the energy price cap.

BRC data are consistent with another large rise in core goods prices, while services prices likely shot up too...

...In response to the hospitality VAT hike, big increases in phone contract prices, and an Easter boost to airfares.

accommodation airline fares April April cpi bank rate brc businesses car prices core goods cpi cpi inflation easter electricity energy food food cpi inflation gdp gdp growth growth headline rate housing index Index Day inflation Kantar natural gas q2 rent rents restaurants rpi services inflation services prices surveys tariff tariffs tax vat

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Keywords for: Net Upside Risk to the MPC's 9.1% Forecast for April CPI Inflation

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