The Barclays Research Team offers a brief preview of their expectations from Wednesday’s UK inflation data due on the cards at 0930 GMT.
Key Quotes:
“On the data front, for the Feb. inflation report (Wed.), we forecast that headline CPI inched higher to 2.0% y/y (cons.: 1.9%; last: 1.8%) to hit the BoE target.
But we see this as a temporary peak rather than marking the start of a sustained rise in UK inflation pressures, whereas we expect core CPI grew marginally to 2.0% y/y (cons.: 1.8%; last: 1.9%).”
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