14 Nov 2019 Don't Mistake Below-Target Inflation for Underlying Weakness

Samuel Tombs (UK Economist)13th Nov 2019 12:00U.K., Economic Monitor

The fall in CPI inflation to just 1.5% in October-- its lowest rate since November 2016--from 1.7% in September, isn't a game-changer for the monetary policy outlook.

PDF

bank bank rate brc budget committee consumer consumer prices core core cpi core goods core goods inflation core goods prices core inflation cpi cpi inflation deficit education electricity energy energy prices food food inflation food prices fuel gas prices gdp gdp growth gilt goods goods inflation government growth headline rate house price house prices household import import price import price data import prices index inflation inflation rates input prices it labour labour market LIBOR lower mortgage rates market measures monetary monetary policy mortgage mortgage rates motor fuel natural gas natural gas prices oil oil price oil prices output package package holiday package holidays policy polls ppi prices producer prices rates remain rent rents report residential market survey retail retail sales rics rpi sales services services inflation sterling stockpiling supply survey tariff tory trade trade deficit transport unemployment unemployment rate wage wage growth wages

This publication is only available to UK Economic Research (Monitor) subscribers

Related Publications

Global Datanote: ECB Rate Decision, January 2021

Global Datanote: Monetary policy meeting, Brazil January 2021

21 Jan 2021 Jobless Claims Set to Drop; Last Week's Spike was a Seasonal Fluke

Are you taking full advantage of our daily publications?

Pantheon Macroeconomics produce daily publications for U.S., Eurozone, Latin America, UK and Asia, as well as analysis on key data within a few minutes of their release.

Sign up for your complimentary trial

To start your complimentary trial, highlight the areas you are interested in subcribing to and click next.

United States

Eurozone

United Kingdom

Asia

Latin America

Keywords for: 14 Nov 2019 Don't Mistake Below-Target Inflation for Underlying Weakness

bank, bank rate, brc, budget, committee, consumer, consumer prices, core, core cpi, core goods, core goods inflation, core goods prices, core inflation, cpi, cpi inflation, deficit, education, electricity, energy, energy prices, food, food inflation, food prices, fuel, gas prices, gdp, gdp growth, gilt, goods, goods inflation, government, growth, headline rate, house price, house prices, household, import, import price, import price data, import prices, index, inflation, inflation rates, input prices, it, labour, labour market, LIBOR, lower mortgage rates, market, measures, monetary, monetary policy, mortgage, mortgage rates, motor fuel, natural gas, natural gas prices, oil, oil price, oil prices, output, package, package holiday, package holidays, policy, polls, ppi, prices, producer prices, rates, remain, rent, rents, report, residential market survey, retail, retail sales, rics, rpi, sales, services, services inflation, sterling, stockpiling, supply, survey, tariff, tory, trade, trade deficit, transport, unemployment, unemployment rate, wage, wage growth, wages, ,

Pantheon Macroeconomics

loading