UK headline CPI slowed to 1.7% yoy in February, down form 1.8% yoy, matched expectation. However, core CPI accelerated to 1.7% yoy, up from 1.6% yoy, beat expectation of 1.5% yoy. RPI slowed to 2.5% yoy, down form 2.7% yoy, beat expectation of 2.4% yoy.
PPI input was at -1.2% mom, -0.5% yoy in February, versus expectation of 0.2% mom, 3.6% yoy. PPI Output was at -0.3% mom, 0.4% yoy, versus expectation of 0.0% mom, 1.4% yoy. PPI output core was at -0.1% mom, 0.4% yoy, versus expectation of 0.2% mom, 0.6% yoy.
