Yesterday’s revelation that inflation in April rose above the Bank of England’s 2% target captured the headlines, but inflation was actually weaker than we had expected. A closer inspection suggests that the downside surprise will be a one-off, leaving us confident in our view that inflation will climb to 2.5%.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services