UK CPI data is due Wednesday, 20 September 2023 - danger of higher than expected?

Hot on the heels of the higher than expected Canadian CPI comes UK data later today;

• Canada August CPI 4.0% versus 3.8% expected

For the headline CPI m/m the range of estimates is 0.2% to 0.8%

• For the headline CPI y/y the range is 6.4% to 7.2%
• For the Core CPI m/m the range is 0.5% to 0.7%
• For the Core CPI y/y the range is 6.4% to 6.9%

Results higher than the high estimates for these will reignite further rate hike speculation from the Bank of England.