INFLATION will be back in the spotlight tomorrow when official figures are released, followed by the Bank of England’s quarterly Inflation Report on Wednesday.
While the Consumer Price Index (CPI) fell to 2.2 per cent in September, it is expected to increase again due to rising tuition and energy bills.
“We expect the CPI to resume its upward trend in October, rising to 2.5 per cent as higher tuition fees and an increase in energy prices from utility firm SSE feed through,“ said Blerina Uruci of Barclays.
Office for National Statistics (ONS) unemployment will also be released on Wednesday and analysts predict the unemployment rate will remain at 7.9 per cent, or possibly even decrease.
On Thursday, there will be further economic news, with reports on UK retail sales and Eurozone inflation.
On Wednesday Great Portland Estates, Carphone Warehouse, ICAP, J Sainsbury, Moneysupermarket.com, Prudential, Tullow Oil and WH Smith will give results, while Thursday brings news from Antofagasta, Premier Oil, Resolution, Ted Baker, Centrica, Invensys, National Grid and 3i Group.