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30th Jul 2024 10:01UKDaily Monitor

  • Smaller utility price cuts this July than in 2023 will push up CPI inflation to 2.2%, from 2.0% in June.
  • We expect the easing of utilities price deflation to be offset by slower goods and services inflation.
  • Uncertainty is high as our call hinges on volatile public rents, likely strong, and hotel prices, likely weak.

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Keywords for: 1 August 2024 UK Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence