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