UK: ONS May Consult on Creating Seasonally Adjusted M/M CPI in Coming Months
May-22 13:04
- The UK ONS are planning to release a consultation at some point in the coming months to consider whether to launch a M/M seasonally adjusted CPI figure, according to BBG sources.
- The aim would be to allow both the BoE and markets in general to better be able to gauge shifts in inflation pressures, and avoid volatility in inflation metrics that are triggered by routine price changes that occur at particular times of the year. Despite the consultation, the sources note this wouldn't mean we get a seasonally adjusted M/M CPI until "2026 at the earliest".
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