UK: CPI Inflation To Remain Around Its Peak Of 3% - Lloyds Bank

Published date: .

The annual rate of CPI inflation held unchanged at 3.0% in October, failing to match expectations of a rise into letter-writing territory, points out the research team at Lloyds Bank.

Key Quotes

“For November, while higher energy and food prices point to upside risks, some signs of easing in goods price inflation should largely provide an offset. On balance, we expect headline CPI inflation to be unchanged at 3.0%. However, with the RPI measure expected to reflect the impact of the November rate rise, we forecast the annual rate of RPI inflation picking up to 4.1%. Over the coming months, we expect only a very gradual easing in the pace of inflation.”

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.