The Week Ahead: UK inflation and interest rate decision

calendar

Tuesday 12 September

  • UK consumer price inflation, August

Inflation was 2.6 per cent in July, but Share Centre investment analyst Graham Spooner says there is a good chance that inflation increased a little in August. “But it is clear that the falls in sterling after the Brexit vote are not having the inflationary effect that many economists expected. However, sterling has fallen again since the June election; that may lead to a rise in inflation next year.”

Wednesday 13 September

  • UK labour markets statistics – Office for National Statistics

UK unemployment sits at a four-decade low, real wages are falling with wage growth below the rate of inflation.

Thursday 14 September

  • Bank of England MPC decision

Spooner expects it is more likely that less members will vote for a hike than more as UK economic news disappoints. Two voted in favour of a hike at the last meeting.

  • UK Retail Sales, August – Office for National Statistics