UK inflation data is due at 0930 GMT. I posted this (RBC) earlier: UK inflation data (for November) due today - quickie preview
Another quick preview, this time via Barclays:
- We forecast a broadly similar November inflation print to the October data.
- At the component level, we expect food costs to move higher with mixed trends a cross core components.
- The tobacco duty changes announced by the Chancellor at the Autumn Budget are unlikely to have been captured in the November data.
And this, via HSBC:
- We expect the CPI, core CPI and RPI inflation rates to all be unchanged in November.
- Relative to October, inflation is likely to see a mild uplift from higher petrol prices. However, we also anticipate a slight easing in food and recreational goods inflation.
- For CPI, this would be the third 3.0% y-o-y outturn in a row.
- For RPI, one additional uncertainty is the extent to which the November Bank Rate hike will push up on inflation as a result of higher mortgage interest payments.
- Past experience tells us that the effect might take a month or two to come through, so we have not factored in a significant November impact.