Free Trial

MNI: UK DATA: Inflation (May 2019) Preview -.........>

MNI, NEWS
MNI: UK DATA: Inflation (May 2019) Preview - 0930BST
---------------------------------------------------------------------- 
- CPI: BBg and MNI: 0.3% m/m; 2.0% y/y; Prev (Apr): 0.6% m/m, 2.1% y/y 
- CPIH: BBg and MNI: 1.9% y/y; Prev (Apr): 2.0% y/y 
- Core CPI: BBg and MNI: 1.6% y/y; Prev (Apr): 1.8% y/y 
- RPI: BBg: 2.9% y/y; MNI: 2.8% y/y; Prev (Apr): 1.1% m/m, 3.0% y/y 
- Inflation is forecast to slow to 2.0% in May - the BOE's target 
- Unwinding of Easter effects likely weighing on core inflation... 
- ...but surveys still point to some underlying upside inflation pressure 
- The BRC-Nielson shop price inflation rose in May after slowing in April 
- May UK PMIs - services refer to the sharpest rise in prices charged in 2019.. 
-...while manufacturing firms state that output price inflation increased 
- Avg weekly earnings rose 3.1% 3M y/y in April, outpacing CPI... 
- ...hence pointing to potential inflation pressure

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.