UK CPI slowed sharply to 0.4% yoy in February, down from 0.7% yoy, missed expectation of 0.8% yoy. Core CPI also dropped to 0.9% yoy, down from 1.4% yoy, missed expectation of 1.4% yoy. RPI was unchanged at 1.4% yoy, matched expectations.
PPI input came in at 0.6% mom, 2.6% yoy, versus expectation of 0.5% mom, 0.6% yoy. PPI output was at 0.6% mom, 0.9% yoy, versus expectation of 0.2% mom, -0.4% yoy. PPI core output was at 0.1% mom, 1.4% yoy, versus expectation of 0.0% mom, 1.4% yoy.
