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15th Apr 2025 08:15UKDaily Monitor

  • A May rate cut is a racing certainty after CPI inflation undershot the MPC’s forecast in March.
  • But underlying services inflation held steady at 4.5%, while tax hikes, government-set price increases…
  • ...and unwinding erratic factors weighing on March inflation will still drive CPI inflation to 3.5% in April.

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Keywords for: 17 April 2025 UK Monitor

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