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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

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