We forecast CPI inflation in the United Kingdom up to one year ahead using a large set of monthly disaggregated CPI … improvements in forecasting UK inflation against an autoregressive benchmark, above and beyond the gains from macroeconomic … divisions that consistently drive aggregate inflation forecasts across models and specifications, as well as to assess model …

use of measures of underlying inflation to formulate monetary policy and assist in forecasting observed inflation. Recent … measures of underlying inflation built from more traditional methods. The power to forecast headline inflation over horizons of …