UK April CPI +0.8% vs +0.9% y/y expected

Latest data released by ONS – 20 May 2020

  • Prior +1.5%
  • Core CPI +1.4% vs +1.4% y/y expected
  • Prior +1.6%

Slight delay in the release by the source. The headline reading slumps to its weakest level since August 2016 as the fallout from the virus outbreak and softer energy prices last month helped to drive inflation pressures lower.

The good news is that core inflation held up somewhat but it still matches the low seen back in December last year, which was at the time the weakest level since November 2016.

Some other details on the day as producer price and retail price figures are released:

  • PPI output % vs -0.5% m/m expected
  • PPI output % vs -0.5% y/y expected
  • PPI input % vs -4.3% m/m expected
  • PPI input % vs -8.8% y/y expected
  • RPI % vs 0.0% m/m expected
  • RPI % vs +1.6% y/y expected

Articles You May Like

🔴 Watch Day Trading Live – June 30, NYSE & NASDAQ Stocks (live stream)
When is the US ISM Manufacturing PMI and how could it affect EUR/USD?
USD/CHF Price Analysis: Mildly offered below 0.9500, eyes three-week-old support line
WTI crude oil futures settle at $40.65
OPEC oil supply fell by 1.25 million bpd in June from May’s level – Reuters

Leave a Reply

Your email address will not be published. Required fields are marked *