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Home > News and Publications > Inflation Report, May 2016
 

Inflation Report, May 2016

12 May 2016

Inflation ReportInflation Report


Monetary Policy Summary



Press conference


Read the Governor's opening remarks
Read the Press Conference transcript

  Watch the webcast

 

Sections

Chart slides

Chart data

Global economic and financial developments
Demand and output
Supply and the labour market
Costs and prices
Prospects for inflation

 

Conditioning assumptions, MPC key judgements, and indicative projections

Other forecasters' expectations

 

Fan charts

 
May 2016 projections for CPI and GDP based on market interest rate expectations

Fan charts

Current fan chart data
 
 
CPI GDP
Current CPI fan chart, click to enlarge Current GDP fan 

chart, click to enlarge
 
February 2016 projections for CPI and GDP based on market interest rate expectations
 
CPI GDP
February 2016 CPI fan chart, click to enlarge February 2016 GDP fan chart, click to enlarge
 

 

Key Resources

​​As inflation moved away from the target by more than 1 percentage point as of the April 2016 data, the Governor was required to send an open letter to the Chancellor:

Letter from the Governor to the Chancellor
May 2016
Reply from the Chancellor to the Governor
May 2016

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