Mixed Inflation Figures From the UK

Inflation report was released a while ago in Britain, but the impact was minimal due to Brexit.

Written by: Skerdian Meta • Wednesday, January 16, 2019 • 1 min read

• Last updated: Wednesday, January 16, 2019

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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Skerdian Meta

Lead Analyst

Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.