UK Services Inflation Rate (Jan) Y/Y 4.4% (exp. 4.3%, Prev. 4.5%)
Newsquawk Staff ·
UK Services Inflation Rate (Jan) Y/Y 4.4% (exp. 4.3%, Prev. 4.5%)
What it means
The UK services inflation rate for January came in at 4.4%, slightly above expectations of 4.3%, but down from the previous month's 4.5%. This reduction may indicate a deceleration in inflation pressures within the services sector, which could influence the Bank of England's policy considerations, particularly regarding future rate decisions as they balance growth and inflation dynamics.
- [MARKET ANALYSIS] UK Budget, 2026: No fireworks from Chancellor Healey, major reform kicked to 2027+, DMO skewed away from the long-end once again
- TPG pursues USD 5bln acquisition of UK data centre group Ark, according to FT
- RBNZ Governor Breman says agreed tighter policy will likely be required, conditional on the economy, adds committee discussed decline in NZD, which if sustained could add to imported inflation
- Australian CPI (Sep MM) 0.8% vs. Exp. 0.7% (Prev. 0.4%)
- Australian CPI (Sep YY) 3.9% vs. Exp. 4.2% (Prev. 4.0%)
Related headlines
- US Midterms (6 days out): Florida flips to a Republican early-vote lead and Kansas narrows further; Crystal Ball shifts House and Senate races towards Democrats2 hours ago
- [MARKET ANALYSIS] Asia-Pac stocks are higher amid the ongoing tech rebound and record SK Hynix earnings, while participants await central bank decisions12 hours ago
- Australian Quarterly CPI (Q3 YY) 3.9% vs. Exp. 3.9% (Prev. 3.9%)14 hours ago
- Australian Quarterly CPI (Q3 QQ) 1.3% vs. Exp. 1.3% (Prev. 0.6%)14 hours ago
- Freeport-McMoRan (FCX) expects higher spending in 2027, driven by US expansion projects and inflation1 day ago
- Sherwin-Williams (SHW) expects 2027 raw material inflation in the low- to mid-single-digit range, peaking in H11 day ago
- Hilton (HLT) CEO says US middle-class real wages are growing despite higher inflation, contributing to broad-based strength in what management describes as a "C-shaped economy"1 day ago
- CNB's Seidler says a 25bps rate hike in November is likely, with the November inflation outlook likely to be revised higher1 day ago
- [MARKET ANALYSIS] DXY holds above 102.00; Antipodeans modestly outperform, and USD/JPY eyes a hefty 157.85 expiry1 day ago
- BoC Deputy Governor Rogers says uncertainty over the economy is hanging over the Canadian housing market20 min ago
- BoC Governor Macklem says Canada is seeing increased investment in the energy sector; policy rate remains low enough not to restrain economic growth, even after the latest hike31 min ago
- BoC hikes rates by 25bps as expected to 2.5%; says there could be a need to increase the policy rate further, but given uncertainties, Governing Council agreed to proceed carefully1 hour ago
- Canadian BoC Interest Rate Decision 2.5% vs. Exp. 2.5% (Prev. 2.25%)1 hour ago
- [MARKET UPDATE] Limited Gilt reaction on the Chancellor's speech. Upside in Gilts on the DMO remit, size as expected and marked skew away from long-end. OBR commentary then pared some of this.1 hour ago
- UK DMO says gross gilt issuance planned for 2026/27 is GBP 250.6bln (exp. 249.6bln, prev. 246.2bln in April remit)1 hour ago