UK: Core CPI likely to slip to 1.7% – TD Securities

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities, are seeing the UK’s downside risks to today's inflation data for August.

Key Quotes

“We look for core CPI to slip to 1.7% y/y (mkt 1.8%), and for headline to come in at 1.8% y/y (mkt 1.9%). While currency depreciation will exert some upward pressure, July saw a number of subcomponents report larger than expected gains, plus the odd one-off factor like a huge jump in video game prices, which we think may reverse a bit in August.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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