BOE Decision Maker Panel for Oct: Year ahead own-price inflation unchanged at 3.5%

Details of the BOE monthly Decision Maker Panel for OctoberYear-ahead Own-price Inflation:Remained unchanged at 3.5% in the three months to October.Firms expect output price inflation to decrease by 0.5 percentage points over the next 12 months.CPI Inflation:Perceived CPI inflation was 2.7% in the three months to October, unchanged from the previous three months.Expectations for CPI inflation a year ahead stayed at 2.6% in the three months to October.Three-year ahead CPI inflation expectations also remained at 2.6% in the same period.Wage Growth:Reported annual wage growth was 5.6% in the three months to October, a slight decline of 0.1 percentage points from the previous period.Expected year-ahead wage growth remained steady at 4.1% on a three-month moving-average basis in October.Firms anticipate a decline in wage growth by 1.5 percentage points over the next 12 months based on three-month averages.Employment Growth:Reported annual employment growth rose by 0.1 percentage points to 0.6% in the three months to October.Expected year-ahead employment growth remained unchanged at 1.1% in three-month averages and October's single-month data.Firms expect employment growth to increase by 0.5 percentage points over the next 12 months, according to three-month averages. This article was written by Greg Michalowski at www.forexlive.com.

Nov 7, 2024 - 20:35
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BOE Decision Maker Panel for Oct: Year ahead own-price inflation unchanged at 3.5%

Details of the BOE monthly Decision Maker Panel for October

  • Year-ahead Own-price Inflation:

    • Remained unchanged at 3.5% in the three months to October.
    • Firms expect output price inflation to decrease by 0.5 percentage points over the next 12 months.

  • CPI Inflation:

    • Perceived CPI inflation was 2.7% in the three months to October, unchanged from the previous three months.
    • Expectations for CPI inflation a year ahead stayed at 2.6% in the three months to October.
    • Three-year ahead CPI inflation expectations also remained at 2.6% in the same period.

  • Wage Growth:

    • Reported annual wage growth was 5.6% in the three months to October, a slight decline of 0.1 percentage points from the previous period.
    • Expected year-ahead wage growth remained steady at 4.1% on a three-month moving-average basis in October.
    • Firms anticipate a decline in wage growth by 1.5 percentage points over the next 12 months based on three-month averages.

  • Employment Growth:

    • Reported annual employment growth rose by 0.1 percentage points to 0.6% in the three months to October.
    • Expected year-ahead employment growth remained unchanged at 1.1% in three-month averages and October's single-month data.
    • Firms expect employment growth to increase by 0.5 percentage points over the next 12 months, according to three-month averages.
This article was written by Greg Michalowski at www.forexlive.com.
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