Free Trial

Contributions to the surprise in UK CPI

UK DATA

Looking a bit more at the contribution of the more surprising upside factors to UK CPI:

  • Air fares contributed 0.11ppt (this is a volatile category and can easily reverse next month)
  • Recreation and culture 0.05ppt (this is a reversal of a soft print last month)
  • Clothing and footwear 0.04ppt
  • Alcohol 0.02ppt
So between those categories we can account for pretty much the entire upside surprise of around 0.2ppt

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.