UK inflation beats expectations with 0.5% y/y – GBP ticks higher

Prices are rising at an accelerated pace in the UK: is this a result of Brexit? Or just a small divergence on expectations? CPI rises 0.5% y/y and core CPI at 1.4%. Month over month, prices rose 0.2%, exactly as expected. The Retail Price Index (RPI) also beat with 1.6% y/y instead of 1.4% expected. […]

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