UK CPI slowed sharply to 0.2% yoy in August, down from 1.0% yoy, but above expectation of 0.1% yoy. Core CPI dropped to 0.9% yoy, down form 1.8% yoy, also above expectation of 0.9% yoy. RPI dropped to 0.5% yoy, down from 1.6% yoy, below expectation of 2.2% yoy.
Also released, PPI input came in at -0.4% mom, -5.8% yoy, versus expectation of 1.3% mom, -4.3% yoy. PPI output was at 0.0% mom, -0.9% yoy, versus expectation of -0.1% mom, -1.0% yoy. PPI core output was at 0.1% mom, 0.2% yoy, versus expectation of 0.0% mom, -0.2% yoy.
