June 2015 UK inflation and RPI data 14 July 2015

  • Prior 0.1%
  • 0.0% vs 0.1% exp m/m. Prior 0.2%
  • Core 0.8% vs 0.9% exp y/y
  • RPI 0.2% vs 0.1% exp m/m
  • 1.0% vs 1.0% exp y/y. Prior 1.0%
  • RPI ex-financials 0.2% vs 0.1% exp m/m. Prior 0.2%
  • 1.1% vs 1.0% exp y/y

A softer core number is going to be a worry. Not much reaction in the pound which has flapped around between 1.5450 and 1.5480

Food and clothing kept prices on the back foot mostly but there was a marked drop in Healthcare prices too

UK CPI & Core y/y