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 |
|---|---|---|---|
| Sep 18, 2024 | 2.2% | 2.2% | 2.2% |
| Aug 14, 2024 | 2.2% | 2.3% | 2.0% |
| Jul 17, 2024 | 2.0% | 1.9% | 2.0% |
| 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% |
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- UK CPI y/y News
From ons.gov.uk|15 hr ago|1 commentThe Consumer Prices Index including owner occupiers' housing costs (CPIH) rose by 3.1% in the 12 months to August 2024, unchanged from July. On a monthly basis, CPIH rose by 0.4% in August 2024, the same rate as in August 2023. The Consumer Prices Index (CPI) rose by 2.2% in the 12 months to August 2024, unchanged from July. On a monthly basis, CPI rose by 0.3% in August 2024, the same rate as in August 2023. The largest upward contribution to the monthly change in both CPIH and CPI annual rates came from air fares, which rose this ...
From notayesmanseconomics.wordpress.com|Aug 14, 2024Today is inflation day in the UK and overall the sequence of pretty food economic news continues. On a monthly basis, CPI fell by 0.2% in July 2024 There was a bit of an elephant in the room in July via the fall in domestic energy bills. The category for electricity,gas and other fuels fell by 6.8% as it reflected the decline in the energy price cap. On its own it would have led to a nearly 0.3% fall on the month. However if we look at the annual rate it rose because energy prices fell by even more (15.1%) last July. The Consumer ...
From ons.gov.uk|Aug 14, 2024The Consumer Prices Index including owner occupiers' housing costs (CPIH) rose by 3.1% in the 12 months to July 2024, up from 2.8% in June 2024. On a monthly basis, the level of CPIH was little changed in July 2024, compared with a fall of 0.3% in July 2023. The Consumer Prices Index (CPI) rose by 2.2% in the 12 months to July 2024, up from 2.0% in June 2024. On a monthly basis, CPI fell by 0.2% in July 2024, compared with a fall of 0.4% in July 2023. The largest upward contribution to the monthly change in both CPIH and CPI annual ...
From cnbc.com|Aug 14, 2024European stocks are expected to open higher Wednesday as investors in the region await key inflation prints from the U.S. and U.K. The U.K.’s FTSE index is expected to open 29 points higher at 8,262, Germany’s DAX up 32 points at 17,837, France’s CAC 40 up 12 points at 7,286 and Italy’s FTSE MIB 68 points higher at 32,168, according to data from IG. U.K. inflation data out on Wednesday will be the first print since the Bank of England cut interest rates by 25 basis points last month. After two months at 2%, economists polled by ...
From marctomarket.com|Aug 10, 2024There is no need to debate whether it was tightening by the Bank of Japan or the fourth consecutive rise in the US unemployment rate that spurred the dramatic market reaction at the start of last week. It seems reasonable that both played a role. And the dramatic unwinding of short yen positions, which appeared to help fuel a recovery of the Swiss franc, Chinese yuan began before the Bank of Japan meeting and the US employment report. Moreover, on the eve of the July 31 BOJ and FOMC meetings, the derivatives market had two Fed rate ...
From ons.gov.uk|Jul 17, 2024|4 commentsThe Consumer Prices Index including owner occupiers' housing costs (CPIH) rose by 2.8% in the 12 months to June 2024, the same rate as the 12 months to May 2024. On a monthly basis, CPIH rose by 0.2% in June 2024, the same rate as in June 2023. The Consumer Prices Index (CPI) rose by 2.0% in the 12 months to June 2024, the same rate as the 12 months to May 2024. On a monthly basis, CPI rose by 0.1% in June 2024, the same rate as in June 2023. The largest upward contribution to the monthly change in both CPIH and CPI annual rates came ...
From cnbc.com|Jun 19, 2024|2 commentsThe 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 ...
From ons.gov.uk|Jun 19, 2024|4 commentsThe 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 ...
| Released on Sep 18, 2024 |
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| Released on Aug 14, 2024 |
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| Released on Jul 17, 2024 |
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| Released on Jun 19, 2024 |
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