Howard Archer
Howard Archer
bank below both clearly consumer cut december england forecast inflation interest january level levels looks november price rate suddenly target
With consumer price inflation below the 2% target level in both December and January and clearly below the levels forecast by the Bank of England in their November quarterly inflation report, a near-term interest rate cut suddenly looks a very real possibility again.
bank boost clearly consumer data england hopes inflation largely october premature prices reassuring sound
While it is clearly premature to sound the all-clear on inflation, the October consumer prices data are largely reassuring for the Bank of England and boost hopes that inflation has peaked,
basis core deter further hiking inflation interest january limited points rates
Nevertheless, limited core inflation in January will not deter the ECB from hiking interest rates by a further 25 basis points on Thursday.
annual base due effects fall headline inflation march oil output price prices primarily producer reflecting rise sharp year
The fall in headline annual producer output price inflation in March was primarily due to base effects reflecting the particularly sharp rise in producer prices a year ago as oil prices surged.
chain data effects energy following headline high inflation limiting oil pressures price producer strong supply welcome
Following the higher-than-expected headline producer price inflation data for January... (Tuesday's data) is welcome reassurance that strong competitive pressures through the supply chain are still limiting the pass-through effects of high oil and energy prices.
bank benign contained england february inflation line overall report
This is still a pretty benign report overall and broadly in line with Bank of England expectations contained in the February Inflation Report.
consumer energy evidence higher increasing inflation late pay price pushed recently starting
This confirms that late in 2005 there was still no evidence that pay was starting to be pushed up by recently higher consumer price inflation and increasing energy bills.
activity adds annual buyer cent climb degree evidence house housing increased inflation limited low market november october per price prices recent recently reported stronger
The climb in annual house price inflation to 2.5 per cent in November from a nine-year low of 1.8 per cent in October reported by the ODPM adds to the recent evidence that house prices have firmed to a limited degree recently amid stronger housing market activity and increased buyer interest.
bank encourage immediate impression inflation rates report trim view
The immediate impression is that the inflation report is pretty neutral. It does little to encourage the view that the bank could trim rates in the immediate future.
encourage immediate impression inflation rates report trim view
The immediate impression is that the inflation report is pretty neutral, and it does little to encourage the view that the MPC could trim rates in the immediate future.
august consumer core due food fuel higher increase inflation july prices primarily
The increase in inflation in August was primarily due to higher prices for fuel and some food items, while core consumer inflation actually edged back down to 1.7% after spiking up to 1.8% in July from 1.5% in June.
belief consumer despite remain retail spending subdued time
This reinforces our belief that consumer spending will remain subdued for some time to come despite September's pick-up in retail sales.
below climb coming continue danger economic further growth individual likely mortgage near remain term trend
With economic growth likely to remain below trend in the near term at least and unemployment set to continue rising, there is a very real danger that individual insolvencies and mortgage repossessions will climb markedly further over the coming months.
bank charlie chief cut december early england interest member odds rate recently voting
With one member of the MPC voting for an interest rate cut in December and Bank of England chief economist, Charlie Bean, recently making some dovish comments, the odds of an interest rate cut early in 2006 are rising.