Seeking Alpha

U.K. CPI rises 2.8% in July

  • U.K. CPI flat on month in July, as expected, vs -0.2% in June. On year, CPI +2.8%, as expected, vs +2.9%.
  • Core CPI +2% on year vs +2.3% and +2.2%.
  • Inflation brought lower by falling prices for air tickets, clothes, recreation and culture.
  • House price index experiences the biggest rise since 2006, climbing 3.1% vs +2.9% in June and forecasts of +3.6%.
  • Relevant ETFs - Stocks: FKU, EWU, EWUS, DXPS; Currency: GBB, FXB (PR)
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