Mixed Inflation Figures From the UK
Skerdian Meta • 1 min read
The inflation report from the UK was released a while ago. The Bank of England Chairman was holding a speech meanwhile. Not much was expected from his speech today, being where we are with Brexit, and he did leave it all to Brexit. Let’s have a look at the inflation figures though:
|CPI Core YoY||1.9%||1.8%||1.8%|
|PPI Input MoM||-1.0%||-1.5%||-2.3%|
|PPI Input YoY||3.7%||3.7%||3.8%|
|PPI Output MoM||-0.3%||0.1%||0.2%|
|PPI Output YoY||3.1%||2.9%||3.1%|
As you can see, PPI (producer price index) input and output declined and that is due to falling Oil prices. Crude Oil has made a pullback higher in the lat several weeks, but that will take some time to reflect in producer prices.
Headline inflation falls again to 2.1% from 2.3% previously, but core inflation ticked higher to 1.9% from 1.8% previously, beating expectations as well.