Recent Updates

  • Spain: *SPAIN SPPI REBASED FROM 2010=100 TO 2015=100
  • Spain: Services Price Indexes (Q1)
  • Germany: State CPI: Saxony-Anhalt (May-Press)
  • UK: LSL ACAD House Price Indexes, Visa Expenditure Index (May)
  • Sweden: Securities Statistics (May); Finland: Government Finance (May); Iceland: HICP (May)
  • Turkey: Labor Force Survey, Employment by Industry (Mar), Retail Sales (Apr); South Africa: Tourism and Migration (Apr)
  • Kyrgyz Republic: International Reserves (May), Remittances
  • more updates...

Economy in Brief

UK Inflation
by Robert Brusca October 13. 2008

UK headline inflation turned lower for the second month running. Over three months headline PPI inflation is lower at a 1.7% annual rate. It is still up by 8.6% Yr./Yr. The lagged core rate was up at a 2.9% rate over three-months in August. That compared to +6.3% Yr/Yr. So the short horizon movement in inflation is more agreeable. Yet the history of inflation is entrenched with a rate that is too high permit any complacency over the trajectory of current rates. Still the three month result is encouraging and so are the last few months of the headline rate.

UK PPI
  %m/m %-SAAR
  Sep-08 Aug-08 Jul-08 3-mo 6-mo 12-mo 12-moY-Ago
MFG -0.2% -0.5% 0.3% -1.7% 7.2% 8.6% 2.6%
Core #N/A -0.1% 0.4% #N/A #N/A #N/A 2.3%
Lagged Core       2.9% 7.2% 6.3% 2.2%
Core: ex food beverages, tobacco & Petroleum  
close
large image