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18th Feb 2025 11:18UKDaily Monitor

  • Inflation surged as airfares unwound erratic weakness, school fees rose and food prices jumped.
  • Rising core goods inflation is offsetting weaker-than-expected services inflation.
  • The MPC will have to be careful as inflation heads to 3.7% in September; 4% is not out of the question.

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Keywords for: 20 February 2025 UK Monitor

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