The UK Consumer Price Index (CPI) for June rose to 2.2% year-on-year, in line with expectations (2.2%), and unchanged from the previous month (2.2%). Month-on-month, the CPI rose by 0.3%, in line with expectations (0.3%) and higher than the previous month’s decline of -0.2%.
Core inflation (Core CPI) stood at 3.6% year-on-year, in line with forecasts (3.6%) and up from 3.3% in the previous month. Month-on-month, it rose by 0.4%, compared to 0.1% previously.
Factory gate producer prices (PPI) came in below expectations, rising 0.2% year-on-year, compared with 0.5% expected and 0.8% previously. Month-on-month, PPI fell -0.3%, compared with expectations of stability (0%) and an unchanged result in the previous month.
Input producer prices (PPI input) fell by -1.2% year-on-year, while the market had anticipated a more moderate decline of -0.8%, and compared to a rise of 0.4% previously. Month-on-month, prices fell by -0.5%, compared to a forecast of -0.3% and a decline of -0.1% previously.
Source: xStation
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