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Inflation data due at 7:00BST

UK DATA
  • UK inflation data is due at 7:00BST. Note that last month we saw a slight downside miss. This month's forecasts are skewed to the upside.
  • Note that the Bank of England noted at its September meeting that it expected inflation to peak at "just under 11% in October." This would be after energy prices rise and the energy price guarantee comes in.
  • Today's release will be September data so will not be the peak.
  • Also note that with energy prices now only guaranteed until April, inflation is likely to move higher in April 2023.

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