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8th Jul 2024 17:45UKDaily Monitor

  • CPI inflation likely fell to 1.9% in June, from 2.0% in May, 0.1pp below the MPC’s forecast.
  • We expect June CPI services inflation to exceed the MPC’s forecast by the same 42bp margin as in May.
  • Rate-setters whose June vote was a close call will be happy with the same services inflation miss as May.

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Keywords for: 10 July 2024 UK Monitor

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