UK CPI accelerated to 0.6% yoy in June, up from 0.5% yoy, beat expectation of 0.6% yoy. That’s also the first in 12-month CPI rate since January. Core CPI also accelerated to 1.4% yoy, up from 1.2% yoy, beat expectation of 1.2% yoy. RPI also climbed to 1.1% yoy, up from 1.0% yoy, matched expectations.
Also released, PPI input came in at 2.4% mom, -5.4% yoy, versus expectation of 2.5% mom, -6.0% yoy. PPI output was at 0.3% mom, -0.8% yoy, versus expectation of 0.2% mom, -0.9% yoy. PPI core output came in at 0.0% mom, 0.5% yoy.
