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UK Inflation Hit BoE Target

by Ashraf Laidi
Jan 14, 2014 12:39

UK December CPI hit the Bank of England's 2.0% target for the 1st time since Nov 2009 when it hit 1.9%. The last time the 2.0% was hit was in April 2006. With inflation at 2.0% (down 61% from 2011 highs) and unemployment at 7.4% (down 24% from 2011 highs), the BoE is the only G7 central bank attaining its inflation target along a clear downward trajectory in unemployment. More analysis

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UK Inflation Hit BoE Target - Uk Cpi Vs Unemp Jan 14 (Chart 1)

Act Exp Prev GMT
CPI (m/m)
0.4% 0.5% 0.1% Jan 14 9:30
CPI (y/y)
2.0% 2.1% 2.1% Jan 14 9:30
Core CPI (y/y)
1.7% 1.8% 1.8% Jan 14 9:30
 
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