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7th Jul 2022 15:02U.K., Daily Monitor

June's Decision Maker Panel Survey shows firms' expectations for price and wage rises have increased.

But households' inflation expectations have fallen back, and more importantly, commodity prices have plunged.

Core goods CPI inflation will turn negative next year, helping to return the headline rate to 2% by late 2023.

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brent crude commodity prices core goods cpi cpi inflation distributive trades survey electricity energy energy prices gas prices headline rate inflation expectations June manufacturers manufacturing manufacturing surveys May metals metals prices mpc natural gas natural gas prices Ofgem oil oil prices policy russia savings stocks surveys total orders wage rises wages

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Keywords for: The Plunge in Commodity Prices has Improved the 2023 Inflation Outlook

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