UK headline CPI accelerated to 1.0% yoy in July, up fro 0.6% yoy, well above expectation of 0.7% yoy. Core CPI also jumped to 1.8% yoy, up from 1.4% yoy, well above expectation of 1.3% yoy. ONS said clothing, rising prices at the petrol pump, and furniture and household goods made large upward contributions consumer to inflation.
Also from UK, RPI was at 0.5% mom, 1.6% yoy, versus expectation of 0.1% mom, 1.2% yoy. PPI input came in at 1.8% mom, -5.7% yoy, PPI output at -0.3% mom, -0.9% yoy. PPI output core at -0.1% mom, 0.1% yoy.
