Pantheon Macroeconomics

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1st Jul 2022 14:55U.K., Daily Monitor

The MPC and consensus still aren't downbeat enough on Q2 GDP; we look for a 0.7% quarter-on-quarter drop.

CPI inflation now looks set to approach 11% in October, driven by further huge rises in food and energy prices...

...But wage growth and inflation expectations haven’t risen, while producer price inflation now is set to plunge.

business surveys core cpi core cpi inflation core goods cpi cpi inflation credit credit data electricity energy energy prices government inflation expectations interest rates June manufacturers May mpc Ofgem oil oil prices q2 q3 real disposable incomes retail sales sterling surveys u.s. us wage growth wages

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Keywords for: Forecast Review: The Inflation Roller Coaster has Become Even Steeper

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