Surge in inflation not here to last says Yael Selfin, Chief Economist at KPMG UK.
Surge in inflation not here to last says Yael Selfin, Chief Economist at KPMG UK:
“Figures released today confirm the underlying weakness of the UK economy, with prices of discretionary goods and services seeing the largest declines, as Brexit uncertainty makes consumers more picky.
“The introduction of Ofgem’s energy price caps is likely to see a series of price jumps, with April’s rise offset by an expected fall in Autumn.
”Businesses should expect CPI inflation to fluctuate around the BoE’s 2% target over the next two years.”
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