UK CPI accelerated to 0.7% yoy in January, up from 0.6% yoy, above expectation of 0.5% yoy. Core CPI was unchanged at 1.4% yoy, above expectation of 1.3% yoy. RPI also accelerated to 1.4% yoy, up from 1.2% yoy, above expectation of 1.2% yoy. PPI input came in at 0.7% mom, 1.3% yoy. PPI output was at 0.4% mom, -0.2% yoy. PPI output core was at 0.3% mom, 1.4% yoy.
