UK CPI y/y
Consumer prices account for a majority of overall inflation. Inflation is important because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate;
This is considered the UK's most important inflation data because it's used as the central bank's inflation target;
- UK CPI y/y Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
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Jun 19, 2024 | 2.0% | 2.0% | 2.3% |
May 22, 2024 | 2.3% | 2.1% | 3.2% |
Apr 17, 2024 | 3.2% | 3.1% | 3.4% |
Mar 20, 2024 | 3.4% | 3.5% | 4.0% |
Feb 14, 2024 | 4.0% | 4.1% | 4.0% |
Jan 17, 2024 | 4.0% | 3.8% | 3.9% |
Dec 20, 2023 | 3.9% | 4.3% | 4.6% |
Nov 15, 2023 | 4.6% | 4.7% | 6.7% |
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- UK CPI y/y News
The U.K. had some cause for celebration on Wednesday morning, as headline inflation hit the Bank of England’s 2% target for the first time in nearly three years. But the print only served to further convince traders that an interest rate cut is not imminent. Money market pricing by 11 a.m. in London implied just a 5% probability of a trim of the Bank Rate during Thursday’s BOE meeting — after recording stronger odds of such a step earlier in the week. Bets on an August cut were also trimmed to roughly 30%. While the 2% inflation ...
The Consumer Prices Index including owner occupiers’ housing costs (CPIH) rose by 2.8% in the 12 months to May 2024, down from 3.0% in the 12 months to April. On a monthly basis, CPIH rose by 0.4% in May 2024, compared with a rise of 0.6% in May 2023. The Consumer Prices Index (CPI) rose by 2.0% in the 12 months to May 2024, down from 2.3% in the 12 months to April. On a monthly basis, CPI rose by 0.3% in May 2024, compared with a rise of 0.7% in May 2023. The largest downward contribution to the monthly change in both CPIH and CPI ...
The Consumer Prices Index including owner occupiers’ housing costs (CPIH) rose by 3.0% in the 12 months to April 2024, down from 3.8% in the 12 months to March. On a monthly basis, CPIH rose by 0.5% in April 2024, compared with a rise of 1.2% in April 2023. The Consumer Prices Index (CPI) rose by 2.3% in the 12 months to April 2024, down from 3.2% in the 12 months to March. On a monthly basis, CPI rose by 0.3% in April 2024, compared with a rise of 1.2% in April 2023. Falling gas and electricity prices resulted in the largest ...
UK inflation data due on Wednesday is expected to fall close to the government’s 2% target. Almost three years on from the start of price spikes, how has the economy changed? After a long, gruelling wait, markets and policy makers are expecting the UK's Office for National Statistics to deliver good news this week. For the first time since July 2021, experts hope the country's inflation rate will return below - or close to - the state's target of 2%. Such a result would signal the end of a prolonged price crisis, which peaked with ...
U.K. inflation could be about to hit a major milestone, with some forecasting that a sharp fall in the April print will take the headline rate below the Bank of England’s 2% target. That would represent a plunge from the current level of 3.2% and could “make or break” a June interest rate cut, economists say. The decline will largely be driven by the energy market, after the regulator-set cap on household electricity and gas bills came down by 12% at the start of April. A reading below 2% on Wednesday would be the lowest headline ...
The Consumer Prices Index including owner occupiers' housing costs (CPIH) rose by 3.8% in the 12 months to March 2024, unchanged from February. On a monthly basis, CPIH rose by 0.6% in March 2024, compared with a rise of 0.7% in March 2023. The Consumer Prices Index (CPI) rose by 3.2% in the 12 months to March 2024, down from 3.4% in February. On a monthly basis, CPI rose by 0.6% in March 2024, compared with a rise of 0.8% in March 2023. The largest downward contribution to the monthly change in both CPIH and CPI annual rates came ...
Financial markets were given a series of jolts last week, as volatility ratcheted higher once more, as participants digested another hotter-than-expected US CPI report, while also grappled with mounting geopolitical risks, and much else besides. Ultimately, though, a dash for havens proved the dominant theme, with the dollar notching its best week since September ‘22, stocks slipping once more, and gold rallying to fresh record highs. Over the week ahead, as the data docket thins out a touch, attention will remain on incoming ...
Dear Jeremy On 20 March 2024, the Office for National Statistics (ONS) published data showing that twelve-month inflation in the Consumer Prices Index (CPI) was 3.4% in February. This letter sets out the outlook for inflation and the policy action the Monetary Policy Committee (MPC) is taking to return inflation to the 2% target, along with other considerations required by the MPC’s remit when inflation moves away from the 2% target by more than 1 percentage point. Inflation has continued to fall as expected. Cost pressures have ...
Released on Jun 19, 2024 |
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Released on May 22, 2024 |
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Released on Apr 17, 2024 |
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Released on Mar 20, 2024 |
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