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Recap on British Consumer Price Index (YoY) (AUG)

|Includes: iShares MSCI United Kingdom ETF (EWU), FXB

Earlier today the British GBP consumer price index year over year came in better than expected at 3.1%. The markets were expecting 3.0%.

Take Away Point:

This number measures the change in prices for retail goods and services, including food and gas. The CPI is the key measure of inflation for the UK and is used by the Bank of England in making interest rate decisions.

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