Today’s UK CPI inflation data print was down 1.1% to 6.8%.
Sharing a positive outlook on the announcement in the FTAdviser, Atrato Group co-founder and principal, Steve Windsor, said:
“Today gives further good news on UK inflation, with headline CPI continuing to trend downwards.”
He added that the data will “relieve” some of the pressure on the Bank of England for further rate hikes and that it indicates “we may have topped out inflation-wise in this cycle”.
Separately, Steve Windsor also adds that “investment markets, particularly commercial property markets, will breathe a collective sigh of relief on these lower inflation numbers.”
Read the full article in the FT Advisor here: https://www.ftadviser.com/equities/2023/08/16/inflation-falls-sharply-to-6-8/
