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Home > News and Publications > Inflation Report, May 2014

Inflation Report, May 2014

Fan chart data

Press Conference - 14 May 2014

Read the Governor's Opening Remarks (37KB)
Read the Press Conference Transcript (153KB)
Watch Webcast
 Listen to Podcast

Inflation Report - May 2014

The Inflation Report can be viewed as a complete PDF file or in sections. Click on the appropriate heading to access the file. To view these documents you should use the latest Adobe Reader (available free from the Adobe website, see External Links).

Complete book (683KB)

Foreword (58KB)
Contents (22KB)
Overview (45KB)
Money and asset prices (198KB)
Demand (108KB)
Output and supply (93KB)
Costs and prices (77KB)
Prospects for inflation (153KB)
Index of charts and tables (26KB)
Press notices (23KB)
Glossary and other information (25KB)

Inflation Report fan charts (205KB)

The charts and tables in this chartpack show the MPC’s projections for growth and inflation. A subset of these charts are included in Section 5 each quarter.

Conditioning assumptions, MPC key judgements, and indicative projections (36KB)

Table 1 shows the conditioning assumptions used for the MPC’s projections;
Table 2 shows the MPC’s mean projections for GDP, CPI inflation and LFS unemployment;
Table 3 shows profiles that illustrate the MPC’s key judgements as described in Section 5;  and
Table 4 shows indicative projections produced for the MPC by Bank staff to be consistent with the MPC’s modal projections for GDP, inflation and unemployment.

Charts and tables in PowerPoint

All charts and tables in the Inflation Report are available in PowerPoint. Except where stated otherwise, all data are seasonally adjusted and the source of the data is the Bank of England or the Office for National Statistics.

Overview (236KB)
Money and asset prices (1.1MB)
Demand (1.4MB)
Output and supply (968KB)
Costs and prices (1.0MB)
Prospects for inflation (1.0MB)

Data for charts in Excel

Data for charts in 'Money and asset prices', 'Demand', 'Output and supply' and 'Costs and prices' are available in Excel. Please note that some Inflation Report charts contain statistics that have been provided to the Bank of England by third parties. The Bank of England has reproduced this third-party data only where it has been able to obtain permission to do so.

Money and asset prices (466KB)
Demand (1.0MB)
Output and supply (1.0MB)
Costs and prices (391KB)

Other forecasters’ expectations (31KB)

Every three months, the Bank asks a sample of external forecasters for their latest economic projections, with the latest survey conducted during April.  The tables in this document contain the average of external forecasters’ central expectations, and distributions, for CPI inflation, GDP growth, the LFS unemployment rate, Bank Rate and the stock of purchased assets. They also contain the average of external forecasters’ expectations for the sterling exchange rate.

Conditioning path for market interest rates

Where projections are based on a path for Bank Rate implied by market rates, an explanation of how this conditioning path is estimated can be found here.


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