UK CPI Misses Estimates in February

UK CPI Misses Estimates in February

22 March 2016, 11:42
Roberto Jacobs
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UK CPI Misses Estimates in February

The UK Office for National Statistics (ONS) data released today showed the inflation did not rise as fast as expected mainly on account of a drop in bicycle prices.

The headline CPI rose 0.2% m/m and 0.3% y/y, both missing the consensus estimates. Core inflation matched estimates by printing at 1.2% y/y.

According to ONS, “the largest downward contribution came from the transport sector, from price changes for items such as road passenger transport, second-hand cars and bicycles. Rising food prices, particularly for vegetables, offset this.”

(Market News Provided by FXstreet)

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