Mixed Inflation Figures From the UK
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:
| UK Data | Actual | Expected | Previous |
| CPI MoM | 0.2% | 0.2% | 0.2% |
| CPI YoY | 2.1% | 2.1% | 2.3% |
| CPI Core YoY | 1.9% | 1.8% | 1.8% |
| HPI YoY | 2.8% | 3.0% | 2.7% |
| RPI MoM | 0.4% | 0.5% | 0.4% |
| RPI YoY | 2.7% | 2.9% | 3.2% |
| 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.
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