UK CPI unchanged, PPI Input up

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Tuesday, Apr 14 2015

The rate of inflation faced by households has stayed at 0.0% in the year to March, the same rate as in the year to February. This was in line with market expectations. These are the joint lowest 12-month rates for the Consumer Prices Index on record. Prices of motor fuels and food have now fallen or remained unchanged on the year for 19 and 11 consecutive months respectively. In March, the falls were smaller than in February but, taken together, they still reduced the CPI 12-month rate by approximately 0.8 percentage points.

Month on month, the PPI input price measure of UK manufacturers’ materials and fuels, rose 0.3% between February and March 2015, up from a rise of 0.1% between January and February 2015. Analysts were predicting 0.5% decrease. Input price annual inflation fell 13.0% in the year to March 2015, compared with a fall of 13.5% in the year to February 2015.

After the data, Sterling was pushed lower and is currently being traded around 01.4620 level. Pair is likely to find support around 1.4550 and resistance above 1.4680 area. Later today, in the US session, Retail Sales and PPI figures are scheduled for a release.

More in this category: « NAB Business Confidence rose in March Eurozone Industrial Production increased more than expected »

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