UK CPI lower than expected, GBP/USD down around 90 pips

Market news

18 July 2018

UK CPI lower than expected, GBP/USD down around 90 pips

The Consumer Prices Index including owner occupiers' housing costs (CPIH) 12-month inflation rate was 2.3% in June 2018, unchanged from May 2018.

Rising prices for motor fuels and domestic gas and electricity produced the largest upward contributions to change in the rate between May and June 2018.

Falling prices for clothing and games, toys and hobbies provided the largest downward effects.

The Consumer Prices Index (CPI) 12-month rate was 2.4% in June 2018, unchanged from May 2018.

Lowest UK annual house prices since August 2013

United Kingdom: Producer Price Index - Output (YoY) , June 3.1% (forecast 3.2%)

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