May 2015 UK CPI +0.1% vs +0.1% exp y/y

May 2015 UK CPI data report 16 June 2015

• Prior -0.1%
• 0.2% vs +0.2% exp m/m. Prior +0.2%
• Core 0.9% vs 1.0% exp y/y. Prior 0.8%
• RPI 0.2% vs 0.3% exp m/m. Prior 0.4%
• 1.0% vs 1.1% exp y/y. Prior 0.9%
• RPI-ex 0.3% vs 0.3% exp m/m. Prior 0.4%
• RPI-ex 1.1% vs 1.1% exp y/y. Prior 0.9%

More or less bang on the money bar the Core number, although it does tick up there's probably a little bit of disappointment that it wasn't higher. Probably the larger focus will be on the PPI numbers than these.

GBPUSD fell to 1.5565 but has recovered to 1.5580

Air fares bounced pulled CPI lower last month due to the Easter holiday and they've bounced back to help push up inflation, report the ONS

UK CPI & Core y/y