UK Inflation Seen Ticking Up, Complicating Talk of BOE Pause
- Fuel prices forecast to drive first CPI rise in six months
- Figures come a day before BOE interest-rate announcement
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An expected increase in UK inflation is making the Bank of England’s already difficult decision on when to pause rate hikes even harder.
UK inflation data due out Wednesday will likely show that price gains notched higher to 7% last month from 6.8% in July, according to the median of more than 30 estimates in a Bloomberg survey. It would mark the first acceleration since February, with economists attributing the move to fuel price fluctuations.