Pantheon Macroeconomics

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20th Jun 2022 00:00U.K., Daily Monitor, Weekly Monitor

We think the headline rate of CPI inflation was stable at 9.0% in May, despite rising food and fuel inflation. 

Core CPI inflation likely fell; data suggest the rise in goods prices didn’t match the big jump a year ago. 

Retailers are starting to accept a squeeze on the margins, while used car prices are continuing to fall. 

car prices consumer services core goods core goods prices core inflation core PPI core rate cpi cpi inflation electricity energy energy inflation food cpi inflation fuel headline rate June May motor fuel mpc natural gas ONS policy ppi producer prices q2 rics services prices surveys used car prices

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Keywords for: CPI Inflation Likely Undershot the MPC's Forecast Again in May

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