UK CPI to remain at 2.5% y/y in April - Nomura

Dhwani Mehta FXStreet

In the view of analysts at Nomura, the UK consumer prices are seen stagnating in April, despite the recent oil-price rise. The UK CPI report will be released at 0830 GMT.

Key Quotes:

“Clothing and footwear, alcohol and tobacco, and personal care/insurance each took around 0.1pp off CPI inflation in March. We see inflation remaining at 2.5% despite those moves partly reversing and petrol prices rising. A 0.9pp wedge means a small rise in RPI inflation from 3.3% to 3.4%.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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