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.
UK CPI slowed in March with both headline and core year-on-year readings lower than the previous month, the Office for National Statistics said Wednesday, although both readings were a touch higher than expected by City analysts.
CPI rose by 3.2% y/y, the lowest level since 3.1% in Sept 2021, down from 3.4% in February, while core CPI rose by 4.2% y/y, down from 4.5% in February. The CPI goods annual rate slowed from 1.1% to 0.8%, while the CPI services annual rate eased slightly from 6.1% to 6.0%. (see MNI INTERVIEW: Boost To UK Consumer As Inflation Slows-ONS)
Inflation continue to move in the right direction for policymakers at the Bank of England, but the overall levels, particulalrly the still sticky services inflation level, will keep the Monetary Policy Committee on guard ahead of their upcoming May policy decision.
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.