NIESR CPI Tracker

Underlying inflation signals additional price pressures

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Lockdown unwinding boosts underlying inflation

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Underlying inflation at 6-month high

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Highest underlying inflation since October

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Non-essential retail prices drag down inflation

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Underlying inflation suggests a turning point

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Continued lockdown measures keep underlying inflation low

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Largest decline in underlying inflation since the start of the pandemic

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Slight pickup in underlying inflation amid high uncertainty

Underlying inflation moderated due to weak demand and uncertainty