UK CPI not really bad news for a change
Thursday 20th July 2023
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Markets were buoyed a little further on the back of UK CPI numbers. Seemingly, if the UK can see core inflation fall a little further than expected then there\u2019s hope for everyone. NAB\u2019s Tapas Strickland says, although the fall wasn\u2019t dramatic, it adds to the global view that inflation has peaked and it could fall rapidly from here. New Zealand\u2019s CPI also fell, but Europe\u2019s final CPI read was revised up a little. The RBA will be watching Australia\u2019s employment numbers today, but Tapas warns that the numbers have been subject to some volatility lately so it should be treated with caution.
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