Seeking Alpha

U.K. inflation climbs in June

  • U.K. inflation climbed 1.9% on year in June from 1.5% in May.
  • Core inflation +2% on year vs +1.6%.
  • "The largest contributions to the rise in the rate came from the clothing, food & non-alcoholic drinks and air transport sectors," the statistics office says. There were no large downward effects to offset the change." (PR)
  • Factory output prices (PPI) fell -0.2% vs -0.1% (PR)
  • The pound is +0.5% at $1.7161, while the FTSE 100 is -0.3%.
  • ETFs: FXB, EWU, GBB, EWUS, FKU, DXPS, DBUK
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