NIESR: Head of UK macroeconomic forecasting reacts to the latest CPI inflation data

Wednesday 14 Feb 2018 @ 14:25
Think Tanks

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, reacting to the latest CPI inflation data released yesterday, said: “UK January CPI inflation was unchanged at 3.0%. Inflation has likely peaked and is set to return to the target rate of 2.0% over the next eight quarters. Our forecast assumes a rate increase by the MPC in May and every 6 months after that until it reaches 2%.”

Notes for editors:

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

National Institute of Economic and Social Research

2 Dean Trench Street

Smith Square

London, SW1P 3HE

United Kingdom

Switchboard Telephone Number: 020 7222 7665

Website: http://www.niesr.ac.uk

Original article link: https://www.niesr.ac.uk/media/niesr-press-note-%E2%80%93-head-uk-macroeconomic-forecasting-reacts-latest-cpi-inflation-data-2

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