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29th Aug 2024 09:18UKDaily Monitor

  • Ofgem announced a 9.5% utility price-cap increase for October, fractionally lower than we expected.
  • Accordingly, we edge down our December CPI inflation forecast to 2.7%, from 2.8% previously.
  • Wholesale energy futures prices and geopolitical risk point to further utility-bill hikes in 2025.

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Keywords for: 30 August 2024 UK Monitor

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