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1st Jul 2024 18:35UKDaily Monitor

  • We expect CPI inflation to fall to 1.9% in June, from 2.0% in May, 0.1pp below the MPC’s forecast.
  • Inflation will be lowered by falling food inflation and a slight easing in the pace of services price gains.
  • We expect services inflation to exceed the MPC’s forecast by the same margin as in May.

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Keywords for: 3 July 2024 UK Monitor

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