UK: June's CPI rise a temporary blip? – Nomura

Dhwani Mehta FXStreet

Analysts at Nomura offer a sneak peek at what to expect from the UK CPI release due today at 0830 GMT.

Key Quotes:

“Looking for headline a little higher citing rising oil prices and household energy bills together are likely to add between 0.1pp and 0.2pp to the annual rate of CPI inflation.

Forecast CPI inflation 2.5%.

See June's rise as a temporary blip before a fall back to 2% towards year-end.”

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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