UK CPI SET TO COOL DOWN FURTHER IN MAY, REACHING BOE’S 2% TARGET... dari hagijeee

20 Jun 2024, 19:46 · Views 45

The UK Office for National Statistics will publish the May CPI report on Wednesday.
UK inflation is expected to cool down, falling back to the BoE´s target.
The Bank of England will announce its decision on monetary policy on Thursday.
The Pound Sterling is expected to post a wild reaction to inflation data.
The United Kingdom’s (UK) Office for National Statistics (ONS) will release the May Consumer Price Index (CPI) report on Wednesday at 06:00 GMT. At the same time, the ONS will publish the Producer Price Index (PPI) figures for the same period.
Inflation in the United Kingdom remains above the Bank of England’s (BoE) 2% target. According to the latest data, the UK CPI grew by 2.3% year-over-year (YoY), while core annual inflation posted 3.9% in April. Market participants expect the CPI to have risen 2% YoY in May, matching the BoE’s goal for the first time in roughly three years.

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