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@ halalmoney
2025-02-19 10:47:28
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The latest leap in CPI inflation was no surprise, but it was larger than everyone expected, Ruth Gregory, deputy chief U.K. economist at Capital Economics, noted Wednesday.
“It’s no secret that higher energy prices will push CPI inflation further above 3% over the next 7 months. We doubt this will prevent the Bank [of England] from cutting rates further. Indeed, we still think CPI inflation will fall below 2% in 2026 as the fading of some temporary effects and the weak economy feed through to lower services inflation,”
CNBC