UK: Annual CPI slows down to 1.6% in July

FXStreet (Łódź) - According to data released today by National Statistics, UK annual inflation rose 1.6% in July, following 1.9% growth registered the previous month. This result is below analysts' forecasts of +1.8%. On a monthly basis CPI fell 0.3%, after climbing 0.2%, below consensus of -0.2%.

Year-over-year Core CPI rose 1.8% in July, down from 2% in June.