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7th Mar 2022 00:00U.K., Daily Monitor, Weekly Monitor

  • CPI inflation now is set to rise to 8% in April, and touch 8% again in October, due to the surge in energy prices. 
  • Low confidence implies households won't touch their savings much, so we have lowered our GDP forecast. 
  • Markets expect four more 25bp rate hikes this year, though we continue to expect only two. 

brent crude core goods core goods inflation covid-19 cpi cpi inflation credit deposits depreciation disposable income easter electricity energy energy prices futures prices goods inflation government January mpc natural gas Ofgem oil oil price ONS personal finances q1 q2 q2 gdp q4 savings us

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Keywords for: Forecast Review: Brace for an 8% Double Peak in CPI Inflation

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