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Pan Sen Macro: Expected UK inflation to reach 3.0% in April next year, with a slowdown starting in October.
Golden Ten Data, November 20th news, Pan Sen Macro Chief UK economist Rob Wood said in a report that he expects the overall inflation rate in the UK to reach 3.0% in April 2025 and maintain this level in the summer of that year. He said, "We expect the rise in core commodity prices, reflecting a faster rise in costs." Wood said that the UK inflation rate may start to ease from October 2025. The inflation rate in the service industry may remain close to the current level for the remainder of 2024 and slow to 4.3% by the end of 2025.