UK CPI Preview: Risks are titled to the upside – Societe Generale

Analysts at Societe Generale offer a sneak peek at what to expect from Wednesday’s UK Consumer Price Index (CPI) data due for release at 7:00 GMT.

Key quotes

“Despite a continued rise in core and food inflation, negative base effects should allow a marginal reduction in headline inflation from 11.1% to 11.0% in November, although risks are tilted to the upside.”

“For core, both stronger services and goods inflation should contribute to an acceleration from 6.5% to 6.7%.”