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Home > Publications > Inflation Report, May 2015
 

Inflation Report, May 2015

Fan chart data

Press Conference - 13 May 2015

Read the Governor's Opening Remarks
Read the Press Conference Transcript
  Watch Webcast
 Listen to podcast

Inflation Report - May 2015

The Inflation Report can be viewed as a complete PDF file or in sections.

Complete book

Foreword
Contents
Overview
Money and asset prices
Demand
Output and supply
Costs and prices
Prospects for inflation
Index of charts and tables
Press notices
Glossary and other information

Inflation Report fan charts

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

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
Money and asset prices
Demand
Output and supply
Costs and prices
Prospects for inflation

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
Demand
Output and supply
Costs and prices

Other forecasters' expectations

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.

Key Resources

​As inflation moved away from the target by more than 1 percentage point as of the April 2015 data, the Governor was required to send an open letter to the Chancellor:

Letter from the Governor to the Chancellor 
May 2015
Reply from the Chancellor to the Governor
May 2015


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