UK CPI: Headline and core inflation to edge down - Barclays

Analysts at Barclays provide a brief preview of what to expect from today’s UK price pressures data due to be reported at 0930 GMT.

Key Quotes:

“We are broadly in line with the consensus in expecting CPIH inflation to have remained unchanged for the third consecutive month to 2.8% in December last year. As for CPI, we forecast headline and core inflation to edge down by 0.1pp and 0.2pp to 3.0% and 2.5%, respectively. We expect RPI to rise to 4.0% y/y, with the majority of the BoE Nov rate hike likely to have fed through to the mortgage payments component of RPI in December.”