Analysts at Nomura suggest that rising oil prices and household energy bills together are likely to add between 0.1pp and 0.2pp to the annual rate of CPI inflation in June for the UK economy. Key Quotes “Our forecast for CPI inflation is on the cusp between 2.5% and 2.6% – we have opted for the former as our official forecast (previous 2.4%, the BoE’s view is also 2.5%). With a broadly unchanged wedge that implies an RPI inflation forecast of 3.4% (index level 281.6). We see June’s rise as a temporary blip before a fall back to 2% towards year-end.” “Producer prices: Our simple model that takes into consideration shifts in oil and commodity prices and sterling suggests a flat reading on input prices in June. Still robust output price readings from the PMI and CBI surveys point to a further 0.2% increase in core output prices – the headline should rise by more owing to higher petrol prices.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next ECB Research: ECB’s bond-buying may have cut income inequality, but only a bit FX Street 5 years Analysts at Nomura suggest that rising oil prices and household energy bills together are likely to add between 0.1pp and 0.2pp to the annual rate of CPI inflation in June for the UK economy. Key Quotes "Our forecast for CPI inflation is on the cusp between 2.5% and 2.6% - we have opted for the former as our official forecast (previous 2.4%, the BoE's view is also 2.5%). With a broadly unchanged wedge that implies an RPI inflation forecast of 3.4% (index level 281.6). We see June's rise as a temporary blip before a fall back to 2% towards year-end."… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
