When is the UK inflation and how could it affect GBP/USD? – by anilpanchal7 UnitedKingdom Inflation GBPUSD BOE Events
The cost of living in the UK as represented by the Consumer Price Index for September month is due early on Wednesday at 06:00 GMT.
The headline CPI inflation is expected to refresh a 30-year high with a 10.0% YoY figure versus 9.9% prior while the Core CPI, which excludes volatile food and energy items, is likely to improve a bit to 6.4% YoY during the stated month, from 6.3% previous readouts. Talking about the monthly figures, the CPI could ease to 0.4% versus 0.5% prior.
That being said, the PPI Core Output YoY may ease to 12.7% from 13.7% on a non-seasonally adjusted basis whereas the monthly prints may rise to 0.9% versus 0.3% prior. Furthermore, the Retail Price Index is also on the table for release, expected to ease to 0.5% on MoM from 0.6% previous reading while likely keeping the 12.3% YoY figures unchanged.The intensity of energy inflation and underlying breadth of other inflationary pressures will again feature prominently in UK September CPI.
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