In today’s briefing:
- CX Daily: China’s Charity Law Revision Aims to Make It Easier for NGOs to Get Involved
- UK: New Weights Stoke CPI Seasonality
CX Daily: China’s Charity Law Revision Aims to Make It Easier for NGOs to Get Involved
China’s Charity Law revision aims to make it easier for NGOs to get involved
Experts quash fears of greater chance of China quake after Turkey
China’s local governments go on hiring spree to spur growth
UK: New Weights Stoke CPI Seasonality
- UK inflation delivered mixed surprises in Jan-23 as the RPI remained at 13.4% while the CPI crashed to 10.1%. Transport weighting changes exaggerated the latter’s downside.
- Increased airfare weightings in January have historically reversed in February. To the extent it persists, the high weight will stoke CPI seasonality.
- The underlying inflation impulse is more than double the BoE’s target, encouraging it to keep hiking. Upscaled seasonality hacking the CPI to its low forecast is not dovish.
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