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3 Numbers: UK inflation expected to hit two-year high for December
The outlook for monetary policy in the UK will be in sharp focus after today’s December report on consumer inflation. Later, sentiment data for the new year begins arriving, starting with the January numbers for Germany’s ZEW indexes and the New York Fed’s manufacturing index in the US. UK: Consumer Price Index (0930 GMT) Inflation is on track to reach a two-year high in December, according to forecasts from economists. If so, the news will complicate the outlook for monetary policy in the months ahead. The headline consumer price index is expected to tick up to a 1.4% year-over-year pace through the end of ... (full story)