BArry Jones

In this blog, we use our Multi-Recurrent Neural Network(MRN) model to provide forecasts for CPI inflation over the next year. We last used these models to produce a forecast for CPI inflation in February, ie, before the war in Iran started. In that blog, which can be found here, our models suggested that inflation would fall sharply in April before picking up to between 3.2 and 4.2 per cent by the end of the year. In this month’s update, we are trying something slightly new.

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