Mixed Inflation Figures From the UK - Forex News by FX Leaders
Another decline in UK inflation

Mixed Inflation Figures From the UK

Posted Wednesday, January 16, 2019 by
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:

UK DataActualExpectedPrevious
CPI MoM0.2%0.2%0.2%
CPI YoY2.1%2.1%2.3%
CPI Core YoY1.9%1.8%1.8%
HPI YoY2.8%3.0%2.7%
RPI MoM0.4%0.5%0.4%
RPI YoY2.7%2.9%3.2%
PPI Input MoM-1.0%-1.5%-2.3%
PPI Input YoY3.7%3.7%3.8%
PPI Output MoM-0.3%0.1%0.2%
PPI Output YoY3.1%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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