UK CPI accelerated to 1.5% yoy in April, up from 0.7% yoy, above expectation of 1.4% yoy. Core CPI jumped to 1.3% yoy, up from 1.1% yoy, above expectation of 1.2% yoy. RPI rose to 2.9% yoy, up from 1.5% yoy, above expectation of 2.3% yoy.
Also released, PPI input came in at 1.2% mom, 9.9% yoy, versus expectation of 0.6% mom, 4.4% yoy. PPI output was at 0.4% mom, 3.9% yoy, versus expectation of 0.4% mom, 3.5% yoy. PPI core output was at 0.5% mom, 2.5% yoy, versus expectation of 0.3% mom, 1.8% yoy.
