britain9monthCPIand9Monthly and quarterly adjustment outputPPIBetter than expected annual rate

Huitong Network10month18Daily News - Tuesday(10month18day)Published UK9monthCPIand9Monthly and quarterly adjustment outputPPIThe annual rate is better than expected,9The monthly retail price index meets expectations, with the pound rising by approximately10Point to1.2260Backward falling oscillation; But the Bank of England has expressed its willingness to tolerate inflation temporarily exceeding its target; Therefore, the data has limited dampening effect on the Bank of England's expectations for increased easing, and is expected to moderately boost the pound.


Specific data shows that in the UK9monthCPIAnnual growth rate1%Better than expected, expected growth0.9%Previous value growth0.6%; Britain9Monthly CoreCPIAnnual growth rate1.5%Better than expected, expected growth1.4%Previous value growth1.3%。

britain9monthCPIMonthly rate growth0.2%Better than expected, expected growth0.1%Previous value growth0.3%; Britain9Monthly CoreCPIMonthly rate growth0.2%, in line with expectations, the former grew0.4%。

britain9Monthly and quarterly adjustment outputPPIAnnual growth rate1.2%Better than expected, expected growth1.1%Previous value growth0.8%; Britain9Monthly and quarterly core output adjustmentsPPIAnnual growth rate1.4%, in line with expectations, with an increase in previous values1.3%。

britain9Annual growth rate of monthly retail price index2%, in line with expectations, the former grew1.8%; Britain9Annual growth rate of monthly core retail price index2.2%, in line with expectations, previous value growth1.9%。

This announcement9monthCPIAnd partsPPIThe data are all better than expected, indicating a sustained recovery in inflation after the Brexit referendum in the UK; But the Bank of England has previously stated that it is willing to tolerate inflation temporarily exceeding its target; aggressive easing policies will not be hindered by it; Therefore, the data has limited dampening effect on the Bank of England's expectations for increased easing, and is expected to moderately boost the pound.

MUFGIt is pointed out that the recent weakness of the pound and strong economic growth may lead to an increase in expectations of inflation exceeding the target, making it difficult for the Bank of England to have a reason to11Further interest rate cuts will be made on a monthly basis.

Reuters commented that the UK9monthCPIAnnual rate increase1.0%Increase in value2014year11The highest level in the month and higher than expected0.9%； coreCPIAnnual rate increase1.5%The increase reached the highest level in two years and was higher than expected1.4%. Although the market predicts that a weaker pound will accelerate inflation in the country, the UK Office for National Statistics stated that there is no evidence to suggest that a weaker pound has pushed up prices of consumer goods, as well as clothing, accommodation, and fuel gas prices9Of the monthCPI。


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