The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
inflation forecast remains steady as food prices continue to rise
Inflation is expected to remain at 3%, driven by rising food and drink prices, despite a decrease in services inflation. Goldman Sachs forecasts a slight increase to 2.97%, while Deutsche Bank anticipates elevated food and energy prices will keep the cost of living around 4% for much of the year. The Bank of England's Monetary Policy Committee is expected to cut rates multiple times this year, although rising prices may delay these reductions.
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