mpc.theyserveforyou.com

mpc: 20 CPI inflation had edged down to 1.8% in March. Given the recent further rise in oil prices and the announced sharp increases in retail gas and electricity prices, it seemed likely that the CPI inflation rate would rise above the 2% target in the near-term.

The Citigroup/YouGov and GfK surveys of the general public's 12-month ahead inflation expectations had both fallen back slightly in April. Surveys of one-year ahead inflation forecasts made by private sector economists had been largely unchanged in recent months.