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17th Mar 2025 17:47UKDaily Monitor

  • Headline CPI inflation should hold at 3.0% in January, 0.2pp higher than rate-setters expect.
  • We expect hotel and phone app prices to push up services inflation to 5.1%, matching the MPC’s call.
  • February is the ‘calm before the storm’ of price resets; inflation will rise to 3.5% in April.

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Keywords for: 19 March 2025 UK Monitor

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