Pantheon Macroeconomics

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7th Apr 2022 18:00U.K., Daily Monitor

We think CPI inflation rose by 0.5pp to 6.7% in March, well above the "around 6%" range expected by the MPC.

Motor fuel prices jumped, while PPI data point to further increases in food and core goods CPI inflation.

Services businesses also are passing on higher costs; rail fares and rents rose more than usual too.

car prices consumer prices core goods core inflation cpi cpi inflation diesel energy energy prices fuel headline rate March mpc output price inflation ppi ppi data rents rpi rpi inflation russia

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Keywords for: CPI Inflation Likely Exceeded the MPC's Expectations Again in March

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