Economists Predict Higher UK CPI in Q2, Diverging from Bank of England's Forecast

A recent survey conducted by Reuters reveals that 22 out of 30 economists anticipate the UK's Consumer Price Index (CPI) for the second quarter to surpass the projections made in the Bank of England's February monetary policy report. According to Jin10, these economists hold a more hawkish stance on inflation compared to the central bank. The divergence in expectations highlights ongoing concerns about inflationary pressures in the UK economy.