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FXStreet (Guatemala) - Strategists at RBS noted that the January 2014 inflation data in the UK is forecast to fall to 1.7% in February.

Key Quotes:

“CPI inflation fell to 1.9% in January, its first sub-target outturn since November 2009 and below City forecasts (consensus & RBS: 2.0%). The fall was driven by core CPI inflation, which declined to 1.6% from 1.7%, some way below consensus expectations at 1.9% (RBS: 1.7%). There were broad-based declines in inflation in January: of the 12 main CPI inflation sub-categories, 6 were down, 3 unchanged, 3 higher”.

CPI inflation is forecast to fall to 1.7% in February, primarily reflecting energy price disinflation (powerful base effects)”.

Core CPI inflation is forecast to remain at 1.6%. The core rate has fallen rapidly but declines have been broad-based”.

“RPI & RPIX inflation are forecast to fall to 2.7% in Feb from 2.8% in Jan”.
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