There's much for the Bank of England's monetary policy committee (MPC) to consider this week before making its decision on UK interest rates on Thursday.
On Tuesday, the Office for National Statistics publishes its August consumer price index (CPI), the UK's most broadly referenced measure of inflation, while on Wednesday, the ONS delivers its latest findings on the labour market.
The unemployment rate is of almost secondary interest given the growing disparity between CPI and wage growth, therefore all eyes will be cast towards the average earnings line on Wednesday's report.
MPC interest rate decision
All of this before the MPC makes its call at midday on Thursday. Meanwhile, some concern over the softening in growth shown in recent weeks is expected.
Purchasing manager indexes have turned lower, industrial production is expanding at a rather anaemic rate and several economic organisations, including the BoE, have lowered their forecasts for UK growth.
The latest came on Friday from the British Chamber of Commerce, noting a disappointing economic response to the fall in sterling since last year's EU referendum.
"A cheaper currency does not automatically mean an export boom, no matter how some politicians and commentators will it to happen," says BCC director general Adam Marshall.
The signals coming from the economic growth side of the equation suggest, therefore, the Bank of England hawks have not added to their numbers since the August meeting, at which there were just two – down from three at the June meeting.
Much will depend, however, on the inflation side of the monetary policy equation: the data on Tuesday and Wednesday will be paramount.
UK consumer and producer price inflation
CPI came in at 2.6% in July, down from 2.9% in the previous month.
Domestic inflationary pressures are relatively benign, but weak sterling – particularly against the euro, losing 8.5% since May – means the prices of imported goods, including raw materials used by manufacturers, are adding inflation at the input level.
Some companies, including retailers and producers, have avoided passing on these costs to consumers by hedging their foreign exchange exposure.
But pressure is building and it wouldn't be a surprise to hear of BoE concerns over the weak pound at Thursday's MPC meeting.
"We could start to see references to sterling weakness and imported inflation having 'second-round effects' – rising imported input costs potentially boosting domestic prices," says Viraj Patel at ING.
Analysts expect annual CPI inflation in August to tick higher to 2.7% when the data is published on Tuesday.