CPI and PPI data for October are due at 0130GMT on Friday 9 November 2018
- CPI expected 2.5%, prior 2.5%
- PPI expected 3.3%, prior 3.6%
Preview via Nomura:
- CPI inflation is likely to ease in October, as high-frequency data suggest negative month-on-month food price inflation, while non-food price inflation may have moderated seasonally.
- PPI inflation may drop further in October because of sequentially lower month-on-month inflation of industrial product prices and a high base last year.
Barclays:
- We forecast PPI inflation to ease to 3.2% in October from 3.6%, given moderating manufacturing PMI input prices and high base.
- We expect CPI inflation to remain broadly flat at 2.5% in October with rising food prices being offset by expected moderation in energy inflation.
Westpac continue to expect commodities to drive upstream price pressures (i.e., the PPI) but these are not feeding through to the CPI
