Analysts at Barclays provide their thoughts on what to expect from today’s UK CPI report for the month of June, slated for release at 0830 GMT.
Key Quotes:
“Headline y/y from 2.3% to 2.4%.
But we see core 0.1pp lower to 1.9%y/y.
Main driver … fuel, lubricants and household administered tariffs as the Big Six price hikes should largely feed through in June.
See all other components broadly unchanged from the previous month.”
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