London’s Economy Today editorial – July 2023 July 27th, 2023 by Daryl Rozario, Gordon Douglass, James Watson, Jasmine Farqharson Inflation eases, but households still under pressure For the first time in almost two years, June’s Consumer Price Index (CPI) inflation release offered some good news in that the actual figure was below what forecasters expected. The cost of living crisis is far from over though, and price increases are still extremely rapid, but the…
London’s Economy Today editorial June 2023 June 30th, 2023 by Daryl Rozario, Gordon Douglass, Mike Hope, and Jasmine Farquharson Inflation remains stubbornly high in the UK Data published by the Office for National Statistics (ONS) this month showed that annual Consumer Price Index (CPI) inflation stood at 8.7% in May unchanged from April (Figure 1). This rate was unexpected by most economists with a poll by Reuters showing that most expected a lower inflation…
