NIESR Press Note – Head of UK Macroeconomic Forecasting reacts to the latest CPI inflation data released today

Published: 23rd May 2018

*FOR IMMEDIATE RELEASE*

Commenting 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."

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