UK Inflation Watch: A dovish surprise upcoming
The early consensus for UK inflation next week looks relatively hot given typically benign patterns in March, which are likely underpinned by the Early easter timing. We see a downside surprise of roughly 10-12 bps to consensus.
Welcome to our monthly UK CPI watch.
March has been out of the ordinary in 2023 and 2022, which makes for extremely benign base effects in YoY terms for UK CPI inflation this year.
Read along below..
The early consensus for UK inflation next week looks relatively hot given typically benign patterns in March, which are likely underpinned by the Early easter timing. We see a downside surprise of roughly 10-12 bps to consensus.
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