U.K. CPI -0.2% on month in June vs +0.2% in May and consensus of -0.1%. On year, CPI +2.9% vs...

|By:, SA News Editor

U.K. CPI -0.2% on month in June vs +0.2% in May and consensus of -0.1%. On year, CPI +2.9% vs +2.7% and +3%. Core CPI +2.3% vs +2.2% and +2.3%. The largest upward contributions to inflation came from motor fuels and clothing & footwear, while the largest drag was air transport. The FTSE (FKU) is flat after being lower earlier, while the pound (GBB) takes a bit of a dive and is -0.25% vs the dollar at $1.5062. (PR)