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UK inflation rises less than expected in July

18 Aug 2021 10:25 AM
UK CPI rose 2.0% on a yearly basis, below expectations of 2.3% growth, and was lower than the previous reading of 2.5% in June.
Inflation data released by the British Statistics Office revealed that consumer prices grew less than market expectations during July, after two consecutive months of higher than market expectations.
As for core inflation, it also came in lower than expectations with a growth of only by 1.8%, compared to expectations of a growth of 2.0%, while the previous reading recorded a rise of 2.3%, and this comes besides the growth of retail prices by 3.8%, exceeding market expectations of a growth rate of 3.6%, and a previous reading of 3.9%.
Consumer prices generally reflect inflation rates. Inflation is an increase in the prices of goods and services in general. Therefore, the relationship between inflation and interest rates is the main factor in understanding the importance of such an indicator. In addition to knowing the extent of its impact on the markets and on all investments.


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