Pantheon Macroeconomics

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24th Mar 2022 18:00U.K., Daily Monitor

  • February's CPI inflation data won't panic the MPC, services inflation merely matched its long-run average.
  • The further surge in oil prices and producer prices suggests that CPI inflation will rise to 8.6% in April...
  • ...and will rise to a similar rate in October, after easing in Q3; the MPC, however, will worry more about demand.

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Keywords for: CPI Inflation Still Set to Exceed 8% Comfortably, Despite Budget Tweaks

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