92% probability UK headline CPI rises at or below 3.5% in the twelve months to September 2026 — a ceiling set 0.9pt above the 2.6% June print. Resolves ~21 Oct 2026.
ONS reported UK headline CPI rising 2.6% in the twelve months to June 2026, published 22 July 2026. Our ceiling sits 0.9pt above that reading. Source: ONS, Consumer price inflation, UK.
We lock a binary: UK headline CPI for September 2026 rises at or below 3.5% year-on-year, per the Office for National Statistics. Confidence 92%.
UK headline CPI stood at 2.6% in the twelve months to June 2026, leaving 0.9pt of headroom to our ceiling over a three-month horizon. Confidence 92%, not higher, because two further monthly prints — July, released 19 August, and August — land before the scored September figure, and services inflation has been the persistent upside risk. Scored on the first-published ONS headline CPI rate for September 2026.
RAOSCAFF locks P-146 on 2026-08-13, before the September release. Scored against the UK September 2026 headline CPI annual rate versus a 3.5% ceiling.
Services inflation is the persistent upside risk; two monthly prints land before the scored figure.