UK annualised CPI stalls in August
FXStreet (Mumbai) – The data released by the UK Office for National Statistics (ONS) on Tuesday showed the UK annualised CPI in August stalled as expected, compared to the 0.1% rise seen in July.
Month-on-month, the CPI printed in line with the estimates at 0.2%, compared to the 0.2% drop seen in July. Core inflation dropped to 1.0% year-on-year as estimated.
As per the ONS report, “A smaller rise in clothing prices on the month compared with a year ago was the main contributor to the slight fall in the rate. There were also downward effects from changes in motor fuel prices and sea fares. Rising prices for soft drinks and for furniture and furnishings partially offset the fall.”
The data released by the UK Office for National Statistics (ONS) on Tuesday showed the UK annualised CPI in August stalled as expected, compared to the 0.1% rise seen in July.
(Market News Provided by FXstreet)