Firm UK inflation in Jul. piles pressure on Bank of England
Digest more
July’s Consumer Price Index report showed an acceleration in “core” prices that strip out volatile food and energy items.
The Consumer Price Index rose slightly less than expected in July annually as tariffs showed only a slight influence on prices. Tariffs didn't give much boost.
The Producer Price Index (PPI) for final demand rose 0.9% in July, marking its largest monthly increase since early 2022. The annual PPI increase r
Consensus expects core CPI, which strips out food and energy, to rise 0.3% from June, pushing the annual rate to 3.0% from 2.9%. That would be the largest monthly increase since January. The projected increase comes as prices for tariff-exposed goods such as furniture, apparel, and recreational items have stopped falling and begun to edge higher.
Inflation held steady in July as tariffs threatened to drive prices higher, CPI report reveals. But an underlying inflation measure picked up
6don MSN
Consumer prices rose 2.7% in July. See how your grocery item prices have changed over the past year
The Consumer Price Index in July rose 2.7% year-over-year, and so did grocery prices, which have gotten more expensive compared to the previous year. This index measures the average change over time in the prices paid by urban consumers for consumer goods and services.
Markets ended the week largely unfazed by a hotter wholesale inflation print and signs of firming consumer prices, but some economists warn the underlying story is more concerning than investors seem to believe.