UK May inflation data now published 14 June 2016
- +0.1% prev
- yy +0.3% vs +0.4% exp vs +0.3% prev
- Core CPI+1.2% yy % vs +1.3% exp vs +1.2% prev
- RPI mm +0.3% +vs +0.3% exp vs +0.1% prev
- yy +1.4% vs +1.5% exp vs +1.3% prev
- ex mortg payments yy +1.5% vs +1.5% exp vs +1.4% prev
- PPI input SA mm +2.6% vs +0.9% exp/prev
- yy NSA -3.9% vs -5.1% exp vs -6.5% prev
- output mm NSA +0.1% vs +0.3% exp vs +0.4% prev
- yy NSA -0.7% vs -0.5% exp vs -0.7% prev
- Core output mm NSA 0.0 % vs +0.1% exp vs +0.2% prev
- yy NSA +0.5% vs +0.6% exp vs +0.5% prev
UK house price index April:
- yy +8.25 vs +8.5% prev
- London prices yy +14.5%
Says the ONS:
- This continues the position seen since the beginning of the year of a rate which is a little above zero. With the exception of March, when the rate was influenced by the timing of Easter, headline inflation has been 0.3% for all months of 2016.
- Rises in transport costs, restaurant and hotel bills and the price of telecommunication services were the main upward contributors to change in the rate.
- These upward pressures were offset by falls in the price of clothing, food and games, toys and hobbies.
Full ONS release here.
GBPUSD 1.4136 EURGBP 0.7954 on the softer headline but stronger PPI helping to limit losses
