We have two CPI announcements coming out on Tuesday, August 19, 2014, one from the UK at 8:30 AM GMT and the other from the US at 12:30 PM GMT. Below are diagrams providing more information.
|MoM UK CPI||8:30 AM||-0.2%||0.2%|
|YoY UK CPI||8:30 AM||1.8%||1.9%|
|MoM US Core CPI||12:30 PM||0.2%||0.1%|
|YoY US Core CPI||12:30 PM||1.9%||1.9%|
UK CPI and US Core CPI seem to be the more observed figures over their core and non-core counterparts. Even though CPI is a more volatile indicator (vs. Core CPI) we have seen monthly figures above 0% for almost every month from the UK. YoY CPI also seems to be approaching a favourable level around 2% though this may not be realized if negative MoM CPI estimates such as Tuesday’s are realized.
MoM US Core CPI has not been negative since early 2010 which says a lot about an improving US economy in terms of prices at least. We also see strong YoY inflation figures which are approaching a favourable 2% target. Both economies look to be improving with long-term inflation figures roughly at their standard targets.