Forex Flash: UK CPI to unch up to 2.8% in January - RBS

The UK's National Statistics office is scheduled to publish the Consumer Price Index on Tuesday Feb. 12 at 09:30 GMT. Market expectations are a slightly raise to 2.8% YoY in January from 2.7% in December. Monthly inflation is expected to decline by 0.4% in January.

In this line, the RBS European Economics team does not expect "any significant disinflationary influence from the January sales." RBS forecasts "headline CPI inflation forecast to inch up to 2.8% in January from 2.7% in December on the back of higher food price inflation, with the Core CPI inflation rate stable at 2.4%. RPI inflation is forecast to edge down to 3.0%; with RPIX steady at 3.0%."