UK July CPI +2.0% vs +2.2% y/y expected

Author: Justin Low | Category: News

Latest data released by ONS - 18 August 2021


  • Prior +2.5%
  • Core CPI +1.8% vs +2.0% y/y expected
  • Prior +2.3%
Invest in yourself. See our forex education hub.
A slight miss on estimates but perhaps a welcome one for the BOE as annual headline inflation sticks to the 2% target in July. The softer readings relative to June may help to reaffirm the 'transitory' narrative but it is still too early to draw much conclusions for now.

With delta variant concerns emerging in many parts across the globe, supply chain disruptions will still persist for some time and that should keep price pressures elevated.

The details show that clothing, footwear, and a variety of recreational goods and services made the largest downward contributions to the annual inflation rate last month, offset by a rise in transport inflation.

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose