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Preview - UK CPI Inflation Seen to..........>

UK DATA: Preview - UK CPI Inflation Seen to Pick-Up in April
- UK CPI Apr Y/Y, Bbg consensus at 2.2%, MNI Median at 2.2% vs Mar 1.9%.
- UK CPI Apr M/M, Bbg consensus at 0.7%, MNI Median at 0.7% vs Mar 0.2%.
- UK Core CPI Apr Y/Y, Bbg consensus at 1.9%, MNI Median at 1.9% vs Mar 1.8%.
- UK RPI Apr Y/Y, Bbg consensus at 2.8%, MNI Median at 2.9% vs Mar 2.4%.
- UK RPI Apr M/M, Bbg consensus at 0.9%, MNI Median at 0.9% vs Mar 0.0%.
- CPI inflation in Apr is expected to be above the BOE's target of 2.0%.
- In the Apr UK PMI report, firms across sectors point to rising fuel costs, raw
material prices and a rise in the National Living Wage.
- Rise in avg weekly earnings at 3.2% 3M Y/Y in Mar, weakest since Q3 2018,
outpace rise in CPI, building inflationary pressures.
- There is some divergence between market consensus and surveys on inflation
- Shop price inflation eased in April after hitting a six-year high in Mar in
the BRC-Nielson survey.

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