• Prior 1.8%
  • -0.1% vs 0.2% exp m/m. Prior 0.4%
  • Core 1.6% vs 1.7% exp /y/. Prior 2.0%
  • RPI 0.1% vs 0.2% exp m/m. Prior 0.4%
  • 2.4% vs 2.5% exp y/y. Prior 2.6%
  • RPI ex mortgage interest payments 2.5% vs 2.6% exp y/y. Prior 2.6%

Cable whacked down to 1.6938 from 1.6975

Food & non alcoholic beverages -1.1% from -0.5%, lowest since 2004, transport -0.7% from +2.0% & services -0.1% from +1.0% among the bigger fallers driving prices lower.

UK CPI 17 06 2014

UK CPI 17 06 2014

UK CPI chart 17 06 2014

UK CPI chart 17 06 2014

Not that cable is overly worried but the BOE might show a tad more concern if we slide below 1.5%.