Seeking Alpha

U.K. inflation rises on month, slows on year

  • U.K CPI rose to +0.4% on month in August after being flat in July but came in below consensus of +0.5%.
  • On year, inflation, +2.7% vs +2.8% in July and forecasts of +2.7%.
  • Core CPI held steady at +2% vs expectations of +2.1%.
  • House-price index +3.3% vs +3.1% in July and consensus of +3.4%.
  • The on-year fall in inflation was mainly due to lower air fares, gasoline, diesel, and clothing costs, although prices still rose faster than wages, which increased 1% on average during the same period.
  • FTSE 100 -0.3%, GBP-USD +0.1% to $1.5914.
  • ETFs - Stocks: FKU, EWU, EWUS, DXPS. Currency: GBB, FXB.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)