15 Sep 2015
UK: Headline inflation falls to 0% level - TDS
FXStreet (Delhi) – Research Team at TDS, note that it was a fairly uneventful inflation release this morning, with headline inflation coming in at 0.0% y/y, as expected by markets.
Key Quotes
“Core inflation was 1.0% y/y, also in line with consensus. Clothing prices and fuel prices were the principal causes of the small tick down in headline inflation from July’s CPI reading of 0.1% y/y, but there were no major special factors of note in the August release.”
“This is completely in line with the Bank of England’s latest forecasts in the August Inflation Report, and should leave them well within letter-writing territory until the end of the year.”
Key Quotes
“Core inflation was 1.0% y/y, also in line with consensus. Clothing prices and fuel prices were the principal causes of the small tick down in headline inflation from July’s CPI reading of 0.1% y/y, but there were no major special factors of note in the August release.”
“This is completely in line with the Bank of England’s latest forecasts in the August Inflation Report, and should leave them well within letter-writing territory until the end of the year.”