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UK July CPI +6.8% vs +6.8% y/y expected

UK July CPI +6.8% vs +6.8% y/y expected
Prior +7.9%Core CPI +6.9% vs +6.8% y/y expectedPrior +6.9%The headline reading is as per expected, reflecting the big decline in household energy bills in the month of July. But it is all about the core reading, and that is keeping more stubborn and unchanged at 6.9% - similar to June. Looking at the breakdown, food price inflation is also seen cooling further with the year-on-year reading there falling to 14.9% (previously 17.4%). But services inflation remains stubborn and is up from 6.3% in J... Read More
Posted: Aug 16 2023, 06:00
Author Name: forexlive
Views: 1028100

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