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UK CPI unchanged at 6.7% yoy in Sep, services inflation back at 3-decade high

UK CPI was unchanged at 6.7% yoy in September, above expectation of slowing to 6.6% yoy. CPI core (excluding energy, food, alcohol and tobacco) slowed from 6.2% yoy to 6.1% yoy, above expectation of 6.0% yoy.

CPI goods annual rate fell slightly from 6.3% to 6.2%. CPI services annual rate rose from 6.8% to 6.9%, joint highest rate (with May 2023) since March 1992.

On a monthly basis, CPI rose 0.5% mom, above expectation of 0.4% mom, quickly than prior month’s 0.3% mom.

Full UK CPI release here.

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