UK CPI slowed to 2.0% yoy in July, down from 2.5% yoy, below expectation of 2.2% yoy. Core CPI slowed to 1.8% yoy, down from 2.3% yoy, below expectation of 2.2% yoy. RPI dropped to 3.8% yoy, down from 3.9% yoy, below expectation of 3.7% yoy.
PPI input came in at 0.8% mom, 9.9% yoy, versus expectation of 1.2% mom, 10.8% yoy. PPI output was at 0.6% mom, 4.9% yoy, versus expectation of 0.4% mom, 4.8% yoy. PPI core output was at 0.7% mom, 3.9% yoy.
