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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.”