MNI: China CFETS Yuan Index Down 0.33% In Week of Apr 26

MNI: PBOC Conducts CNY2 Bln Via OMO Mon; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1066 Mon; -4.49% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1066 MON VS 7.1056

MNI BRIEF: China, US Should Strengthen Dialogue, Cooperation

MNI: BAKER HUGHES US RIG COUNT 613; OIL RIGS 506; GAS RIGS 105

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL APR INDEX 77.2

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Inflation data due at 7:00GMT (1/2)

UK DATA
DataHomepagemarkets-real-timeData BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • There will be even more uncertainty surrounding the print as the ONS will introduce new weights for 2024 with today's print (based on 2023 expenditure). This means that energy – which is fairly price inelastic and has fallen in price – will see a reduction its weight in the CPI index. It also means that as the economy has continued its rotation away from core goods consumption and towards services, that this change in spending will be reflected in a lower weight for core goods and higher weights for services.
  • Analysts (and the BOE) expect a pickup in headline CPI driven largely by an increase in services CPI (and to a smaller extent some energy base effects). Core goods and food prices are expected to continue to move lower. Looking at some of the individual components, a lot of the upside surprise to services is seen to be coming from base effects. We look at the individual components in more detail in our preview.
163 words

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.
  • There will be even more uncertainty surrounding the print as the ONS will introduce new weights for 2024 with today's print (based on 2023 expenditure). This means that energy – which is fairly price inelastic and has fallen in price – will see a reduction its weight in the CPI index. It also means that as the economy has continued its rotation away from core goods consumption and towards services, that this change in spending will be reflected in a lower weight for core goods and higher weights for services.
  • Analysts (and the BOE) expect a pickup in headline CPI driven largely by an increase in services CPI (and to a smaller extent some energy base effects). Core goods and food prices are expected to continue to move lower. Looking at some of the individual components, a lot of the upside surprise to services is seen to be coming from base effects. We look at the individual components in more detail in our preview.