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UK DATA
  • Due to the volatile nature of the release and the lack of correlation with consumption data, we don't place much weight on this release (and we don't think the MPC does either).
  • Ex-fuel consensus looks for +0.3%M/M (prior was +0.2%M/M), +1.0%Y/Y (-0.5%Y/Y).
  • Inc fuel, consensus looks for +0.3%M/M (prior was flat), +1.0%Y/Y (prior -0.4%Y/Y).

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