Week ahead 12th February | EEF

Week ahead 12th February

Subscribe to Campaigning blog feeds


After the excitement last week of the Bank’s monetary policy decision, as well as final trade and production data for 2017, we have a slightly quieter week, with only one key data point out this time round – inflation.


On Tuesday the ONS will release inflation data for January. In December the 12-month Consumer Price Index fell from 3.1% to 3.0%. Many believed at the time that this signalled that the peak in inflation was behind us, as the sterling depreciation - which was predominantly behind the rise in prices - had become exhausted. However with commodity prices, and in particular oil prices, expected to pick-up over the coming year, as well as domestic cost pressures (wages) also finally expected to firm on the back of the strong labour market, we may not be over the peak just yet. Indeed last week the Governor of the Bank of England noted in his press conference that prices could rise above the 3% mark again this year. That said we do not envisage these effects being felt this month, and are expecting CPI to decelerate further tomorrow.


This person has now left EEF. Please contact us on 0808 168 1874 or email us at enquiries@eef.org.uk if you have any questions.

Other articles from this author >
fact-card-thumbnail UK Manufacturing Facts, 2018/19

See our latest facts and figures on how manufacturing is contributing to the UK economy.

Read more >
BigData The 4th industrial revolution

Manufacturing is undergoing a transformation that will see greater emphasis on developing new and existing skills to boost productivity for the future

Read more>
Week ahead 14th January

11 Jan 2019

A look at the key data releases in the week ahead.

Online payments are not supported by your browser. Please choose an alternative browser or make payments through the 'Other payment options' on step 3.