The wage growth data published this week were not good for the inflation outlook, but they weren’t as bad as they first appeared. Meanwhile, the latest news on economic activity has been encouraging. Next week, we expect May’s inflation data to show that services inflation rose from 3.7% in April to 3.9%.
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