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Ahead of tomorrow's UK CPI, MNI's data team...>

CABLE
CABLE: Ahead of tomorrow's UK CPI, MNI's data team note that over the past
decade the market consensus, taken from Bloomberg, has tended to underestimate
headline CPI inflation in February. Bloomberg's consensus has only matched the
actual February result on three occasions, while when analysts have
overestimated Feb CPI it has tended to be by a small margin (0.1pp on all three
occasions). In contrast, when is has underestimated Feb CPI, as it has done four
years out of the past 10, the margin tends to be much greater (on average by
0.18pp more). To see the full report please see MNI Main Wire 5 Things: UK CPI
To Ease In February On Base Effects 1637GMT.  

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