CPI has cooled off from last year's high but still remains upbeat

UK Inflation Slightly Misses Expectations

Posted Wednesday, November 14, 2018 by
Skerdian Meta • 1 min read

The UK CPI (consumer price index) report was released a while ago. Yearly inflation was expected to grow by 0.1% and come at 2.5%, up from 2.4% previously but it remained unchanged. The monthly inflation also remained unchanged at 0.1% against 0.2% expected.

There was a slight possibility that the inflation numbers today might be positive after the great earnings report yesterday. But, inflation remained more or less around the same levels as last month, which is not bad by any means, since main inflation is at 2.4% while core inflation is at 1.9%. Have a look at the numbers for yourself.

CPI YoY2.4%2.5%2.4%
CPI YoY0.1%0.2%0.1%
Core CPI YoY1.9%1.9%1.9%
HPI YoY3.5%3.3%3.2%
PPI Input MoM0.8%0.6%1.4%
PPI Output MoM0.3%0.2%0.4%

As you can see, it is a mixed report. Although, I don’t see a jump in GBP even if inflation was higher because the market is totally concentrated on Brexit right now. Last night, there was a breakthrough in this issue and today, we will get a clear answer about what is exactly going on.

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