Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Macro and Geopolitical Research House

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Macroeconomics

<ul><li>Greetings from Europe! We had the US CPI report smack dab at our forecast yesterday again and based on public demand here is our UK preview for next Wednesday.</li><li>December inflation is typically fairly hot in core terms in the UK as especially services increase ahead of the holiday season.</li><li>Services increased &gt;0.8% MoM in December 2022, making it “easy” to deliver Services disinflation on a yearly basis in December 2023.</li></ul>

Greetings from Europe! We had the US CPI report smack dab at our forecast yesterday again and based on public demand here is our UK preview for next Wednesday.December inflation is typically fairly hot in core terms in the UK as especially services increase ahead of the holiday season.Services increased &gt;0.8% MoM in December 2022, making it “easy” to deliver Services disinflation on a yearly basis in December 2023.

UK CPI Watch: Another milder than usual report