- The annual UK CPI advanced 3.4% in May compared to a 3.4% estimated.
- British inflation fell to 0.2% intermensual in May compared to a prognosis of 0.2%.
- The GBP/USD maintains the range about 1,3450 after inflation data of the United Kingdom CPI.
The annual head of the United Kingdom Consumer Price Index (CPI) increased 3.4% in May after an increase of 3.5% in April, according to data published by the National Statistics Office (ONS) on Wednesday.
The markets expected a growth of 3.4% in the informed period. The reading is still distant from the 2% target of the Bank of England (BOE).
The underlying IPC (excluding volatile food and energy articles) rose 3.5% year -on -year (interannual) in the same period, compared to an acceleration of 3.8% in April, while it did not reach the early figure of 3.6%.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
