📝 U.K. Inflation To Accelerate At 9.2% In April: Deutsche Bank

Expect U.K. inflation to jump to 9.2% in April, posting a record high. See core inflation rising to 6.5% on year, also a record high. Looking ahead, inflation momentum remains firmly tilted to the upside. Deutsche Bank's Survey Price Tracker remains firmly on the up, suggesting that there may be some room for inflation to continue to go higher. Broadly speaking, the road to double-digit inflation is firming, with forecasts inching closer to 10% on year in October. Expect inflation to start to normalize from the second quarter of 2023, falling closer to 2% by early 2024. - Deutsche Bank  

Chart via Bloomberg