UK October CPI was hit hard by the epidemic
UK October CPI was hit hard by the epidemic
The UK Consumer Price Index (CPI) rose by 0.7% year-on-year in October, which was higher than market expectations of 0.6% and an increase of 0.2% from the previous value. If calculated on a monthly basis, the CPI is flat, slightly higher than the negative 0.1% expected by the market, and the previous value increased by 0.4%. During the period, excluding energy, food, tobacco and alcohol, the core CPI rose by 1.5% year-on-year, which was also better than market expectations of 1.3%, an increase of 0.2% from the previous value. Local inflation has picked up slightly, mainly driven by rising food and clothing costs. However, the current overall inflation is still less than half of the 2% target set by the Bank of England earlier, reflecting the severity of the local economy being hit by the epidemic.
Z. com Bullion is an affiliate of GMO Financial Holdings, Inc., a Japanese listed group. The risk of loss in leveraged foreign exchange trading & margin trading can be substantial. Visit the company website to read full risk warning. https://bullion.z.com/en/about/legal/risk/
The UK Consumer Price Index (CPI) rose by 0.7% year-on-year in October, which was higher than market expectations of 0.6% and an increase of 0.2% from the previous value. If calculated on a monthly basis, the CPI is flat, slightly higher than the negative 0.1% expected by the market, and the previous value increased by 0.4%. During the period, excluding energy, food, tobacco and alcohol, the core CPI rose by 1.5% year-on-year, which was also better than market expectations of 1.3%, an increase of 0.2% from the previous value. Local inflation has picked up slightly, mainly driven by rising food and clothing costs. However, the current overall inflation is still less than half of the 2% target set by the Bank of England earlier, reflecting the severity of the local economy being hit by the epidemic.
Z. com Bullion is an affiliate of GMO Financial Holdings, Inc., a Japanese listed group. The risk of loss in leveraged foreign exchange trading & margin trading can be substantial. Visit the company website to read full risk warning. https://bullion.z.com/en/about/legal/risk/
