UK CPI is expected to tick up, endorsing BoE hawks’ positions

Higher airfares and hotel prices predicted to push up UK inflation in July

The rate of Consumer Prices Index (CPI) inflation is widely expected to have increased to 3.7% in July, from the 3.6% recorded in June.

Higher airfares and hotel prices predicted to push up UK inflation

A shopping trolley Prices in the UK are set to have risen faster last month as school holidays boosted travel costs and grocery bills remain elevated, economists said. Some experts said an “Oasis bump” could have contributed to higher accommodation prices in July. The Office for National Statistics (ONS) will publish the latest inflation dataset on Wednesday. The rate of Consumer Prices Index (CPI) inflation is widely expected to have increased …

UK inflation expected to rise to 3.8%

Inflation is expected to jump again when July’s report is published on 20 August. Rising food prices and summer spending could be partly responsible.

Pound Sterling Price News and Forecast: GBP quiet despite continued support from fundamentals

The Pound is retracing some losses on Tuesday with the US Dollar pulling back from recent highs amid a moderately positive market sentiment, and investors looking at Wednesday’s UK CPI reading that might give further reasons to BoE hawks.

UK CPI preview: inflation, rate cuts, and the pound’s path forward - IFA Magazine

Written by Daniela Sabin Hathorn, senior market analyst at Capital.com The UK Consumer Price Index (CPI) will be released on Wednesday, and reading could offer critical insight into the trajectory of inflation and its wider implications for the UK economy and monetary policy. What to expect from the CPI data June’s CPI headline figure came in at 3.6%, but forecasts now suggest a modest rise to between 3.7% and 3.8%. However, some market particip…