Report
Philip Rush
EUR 116.70 For Business Accounts Only

Inflation: Apr-19 surge against down-trend

- UK inflation data delivered mixed surprises in Apr-19 as the CPI increased by 21bp to 2.12% and the RPI surged 60bp to 3.04% (index at 288.2).
- Airfares and household energy prices drove the increase, but another disinflationary shock from computer games constrained the CPI.
- An unwinding airfare effect still weighs heavily on my May-19 forecast with the trough in the temporarily broken down-trend occurring in Oct-19 when household energy utility prices seem set to collapse again.
Provider
Heteronomics
Heteronomics

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Analysts
Philip Rush

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