UK CPI accelerated to 2.1% yoy in July, up from 2.0% yoy and beat expectation of 1.9% yoy. Core CPI also rose to 1.9% yoy, up from 1.8% yoy and beat expectation of 1.8% yoy. Also from UK, RPI slowed to 2.8% yoy, down from 2.9% yoy, matched expectations.

PPI input rose 0.9% mom, 1.3% yoy, above expectation of 0.6% mom, 0.3% yoy. PPI output rose 0.3% mom, 1.8% yoy, above expectation of 0.1% mom, 1.7% yoy. PPI output core rose 0.4% mom, 2.0% yoy, above expectation of 0.1% mom, 1.7% yoy. House price index rose 0.9% yoy in June, down from 1.2% yoy, missed expectation of 1.0% yoy.

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