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7th Oct 2024 17:36UKDaily Monitor

  • CPI inflation likely fell to 1.9% in September, from 2.2% in August, 0.2pp below the MPC’s forecast.
  • All of the undershoot relative to the MPC’s call is accounted for by falling motor fuel prices.
  • CPI services inflation will likely slip 0.2pp to 5.4%, as a hotel price jump partially offset a fall in airfares. 

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Keywords for: 9 October 2024 UK Monitor

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