UK: Headline CPI to inch higher to 2.0% y/y - Barclays

Dhwani Mehta FXStreet

The Barclays Research Team offers a brief preview of their expectations from Wednesday’s UK inflation data due on the cards at 0930 GMT.

Key Quotes:

“On the data front, for the Feb. inflation report (Wed.), we forecast that headline CPI inched higher to 2.0% y/y (cons.: 1.9%; last: 1.8%) to hit the BoE target.

But we see this as a temporary peak rather than marking the start of a sustained rise in UK inflation pressures, whereas we expect core CPI grew marginally to 2.0% y/y (cons.: 1.8%; last: 1.9%).”

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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