In today’s briefing:
- UK: Inflation Springs Surprisingly Far
- Fuel Price Hikes: Brace For Inflation Shock And Aggressive Bi Tightening
UK: Inflation Springs Surprisingly Far
- Inflation broadly exceeded expectations for the sixth consecutive month as it reached 7% on the CPI and 9% on the RPI. The pull up to equilibrium prices continues.
- Underlying measures are less extreme but have still risen to excessive levels. The energy price cap drives inflation much higher in April to what we still see as the peak.
- More excess inflation without excess supply is another clear hawkish signal for the MPC. We maintain our forecast for it to deliver a fourth back-to-back rate hike on 5 May.
Fuel Price Hikes: Brace For Inflation Shock And Aggressive Bi Tightening
- (Finally) Raising Fuel Prices
- Silver Lining: Commodities Boost State Revenue
- Fiscal Deficit to Stay Elevated in 2022
- VAT Hike Broadened to Crypto; Carbon Tax Delayed
Before it’s here, it’s on Smartkarma
