Press Conference - 13 May 2015
Inflation Report - May 2015
The Inflation Report can be viewed as a complete PDF file or in sections.
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.
Letter from the Governor to the Chancellor