Analysts at Nomura are expecting a rise in crude oil prices in September to lead to a monthly increase of 0.5% in UK’s input prices.
Key Quotes
“Our forecast is limited by the downward impact of a rise in sterling during the month. As for output prices, we note the rise in the output prices index of the PMI manufacturing survey, but a fall in the equivalent balance of the CBI survey. We see a larger monthly rise (0.3%) in headline output prices than core (0.2%) thanks to higher oil prices.”
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