UK: Producer price inflation likely to rise in September – Nomura

Analysts at Nomura are expecting a rise in crude oil prices in September to lead to a monthly increase of 0.5% in UK’s input prices.

Key Quotes

“Our forecast is limited by the downward impact of a rise in sterling during the month. As for output prices, we note the rise in the output prices index of the PMI manufacturing survey, but a fall in the equivalent balance of the CBI survey. We see a larger monthly rise (0.3%) in headline output prices than core (0.2%) thanks to higher oil prices.”