- Prior 1.7%
- 0.2% vs 0.25 exp m/m. Prior 0.5%
- Core 1.6% vs 1.6% exp y/y. Prior 1.7%
- RPI 0.2% vs 0.3% exp m/m. Prior 0.6%
- 2.5% vs 2.5% exp y/y. Prior 2.7%
- RPI ex mortgage int payments 2.5% vs 2.5% exp y/y. Prior 2.7%
Someone got eager on the sell button as cable was smacked down to 1.6661 before running back up to 1.6715.
No disinflation worries on this side of the channel. Actually that’s not exactly correct and that was me getting caught up in the expectations side of the data. It continues the trend lower, which while still close to target it is still falling and so we’ll need to watch it further. As I said in the preview there won’t be any real nervousness until we drop closer to 1.0%
Motor fuels, clothing and furniture the main downward contributors.
UK CPI breakdown 15 04 2014
