UK May CPI +9.1% vs +9.1% y/y expected

• Prior +9.0%
• Core CPI +5.9% vs +6.0% y/y expected
• Prior +6.2%

On the month itself, consumer inflation increased by 0.7% and that continues to reaffirm stronger price pressures in general with the annual reading showing a slight uptick compared to April. The only bright spot for households is that core inflation is seen ticking lower but that is just a bit-part respite, all things considered.

There isn't anything here that should distract the BOE from tightening policy further and more persistent inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term pressures will just make narrower the window to raise interest rates as it constricts the economy.