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UK August CPI +6.7% vs +7.0% y/y expected
Prior +6.8%Core CPI +6.2% vs +6.8% y/y expectedPrior +6.9%It is softer readings across the board, as even the monthly estimates are a miss on expectations. In August, headline inflation moved up by just 0.3% (vs 0.7% estimate) on the month and the lower figures are weighing on the pound as well as bond yields upon release. The good news for the BOE is that food prices are seen falling further and faster, which is the main reason why core prices are also down significantly on the month. This will...
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Posted: Sep 20 2023, 06:00
Author Name: forexlive
Views: 112547