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UK CPI Inflation Data and Spring Statement in Focus
Tomorrow welcomes the UK February CPI inflation print (Consumer Price Index) at 7:00 am GMT, followed by UK Chancellor Rachel Reeves claiming the spotlight with her Spring Statement. The Statement is expected to be announced around 12:30 pm GMT, following Prime Minister’s Questions. Price pressures are still too high despite year-on-year (YY) CPI inflation poised to moderately cool in February. According to the median estimate provided by Refinitiv, YY headline CPI inflation is expected to have eased to 2.9% from 3.0% in January (estimate range between 3.1% and 2.7%), while month-on-month (MM) CPI is forecast to ... (full story)
