7:01 AM · 17 July 2024

BREAKING: UK CPI slightly higher than expected; lower PPI. GBPUSD gains

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UK CPI in June came in 2% YoY vs 1.9% exp. and 2% previously (0.1% MoM vs 0.1% exp. and 0.1% previously)

UK Core CPI came in 3.5% YoY vs 3.4% exp. and 3.5% previously (0.2% MoM vs 0.5% previously)

UK PPI output prices came in lower than expected with 1.4% YoY vs 1.8% exp. and 1.7% previously (-0.3% MoM vs 0.1% exp. and -0.1% previously)

UK PPI input prices dropped -0.4% YoY vs 1.1% exp. and -0.1% previously (-0.8% MoM vs -0.1% exp. and 0% previously)

Source: xStation5

Source: UK Office for National Statiscis, Bloomberg Finance L.P. , XTB Research

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