For the GBP traders - inflation data from the UK for March
0.1 % m/m, down much harder than was expected
- expected 0.3%, prior 0.4%
2.5 % y/y ... ditto
- expected 2.7%, prior 2.7%
Core 2.3% y/y ... and same again, down on esitmateestimates & on prior s
- expected 2.5%, prior 2.4%
GBP getting marked lower on both headline and core inflation coming in under estimates. Slowest inflation number in a year.
If the BoE is using inflation as a reason to hike in May I wonder if this'll give them pause for thought?
--
In addition ot the consumer inflation figures, also producer prices;
- PPI output +0.2% m/m & +2.4% y/y (vs. 2.3 expected)
- PPI input -0.1% m/m, +4.2% y/y (extimates 4.1)
----
for back ground on this:
