• +0.1% prev
  • yy +1.0 vs +1.2% exp vs +1.3% prev
  • core CPI +1.2% vs +1.5% exp/prev
  • RPI 257.1 vs 257.7 exp/prev
  • RPI mm -0.2% vs 0.0% exp vs 0.0% prev
  • yy +2.0% vs +2.2% exp
  • RPI ex mortg payments +2.0% vs +2.3% exp vs +2.4% prev
  • PPI input mm nsa -1.0% vs -1.5% exp/prev
  • yy nsa -8.8% vs -9.2% exp vs -8.4% prev
  • output mm nsa +0.2% vs -0.3% exp/prev
  • yy nsa -0.1% vs -0.6% exp vs -0.5% prev
  • core PPI output mm nsa +0.5% vs 0.0% exp vs +0.1%
  • yy nsa +1.4% vs +1.0% exp vs +0.9% prev

Softer headline data not entirely surprising but a concern nonetheless. PPI stronger than expected should help temper moves

Cable smashed through bids at 1.5620-30 but stalled at the next tranche between 1.5600-10 again so far

EURGBP up through 0.8000 to post 0.8007 but now back to 0.7987 as cable climbs back to 1.5633

UK CPI table
UK CPI mm

UK CPI mm