UK: CPI likely to print 2.0% - Rabobank

Sandeep Kanihama FXStreet Contributor

Rabobank analysts point out that the UK CPI is expected to print 2.0% and 1.8% for the headline and the core measure, respectively.

Key Quotes

“A negative surprise due to lower fuel prices is however possible and this would push the headline measure just below the Bank’s official 2%-target. However, the 3+% growth seen in the wage numbers combined with a weak productivity record should eventually continue to produce some domestically generated price pressures, keeping the MPC on edge.”

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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