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16th Jan 2025 19:20UKDaily Monitor

  • The weight of services in the CPI is likely to rise slightly in 2025, while the weight of goods should fall.
  • Weight changes will be small compared to last years’ but still add 11bp to our inflation forecast…
  • …because a smaller than usual weight of airfares in January reduces the impact of New Year price falls.

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Keywords for: 21 January 2024 UK Monitor

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