UK inflation to have softened in August - Barclays
|The Barclays Research Team offers a sneak peek at what to expect from today’s UK CPI due to be released at 0830 GMT.
Key Quotes:
“We forecast UK inflation to have softened in August both at the headline and core level. The y/y acceleration of CPI in July is likely to have been temporary and we expect m/m clothing prices to be less positive than a year ago, resulting in negative base effects. We also expect the influence of the sharp GBP depreciation after the EU referendum to continue to drop out of y/y UK inflation. For RPI, we expect the RPI-CPI basis to widen to 0.9pp after contracting sharply in July.”
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