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NIESR’s Head of UK macroeconomic forecasting, Amit Kara yesterday commented on the latest CPI inflation data.

NIESR’s Head of UK macroeconomic forecasting, Amit Kara said:

The downtrend inflation continues. CPI inflation eased to 2.4% in April from 2.5% in March & its recent peak of 3% in December. Inflation will likely continue to fall over the course of the year as the effects of the Brexit-induced currency deprecation fades. This will be offset to some extent by rising wages and higher unit labour costs. Lower inflation & higher nominal wages will help lift household real income growth this year.

Notes for editors: 

For further information please contact the NIESR Press Office or Paola Buonadonna on 020 7654 1931/ p.buonadonna@niesr.ac.uk

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