FOREX TradingCharts.com

Financial News: UK Inflation Rises Unexpectedly In June

UK Inflation Rises Unexpectedly In June

07/15/2020 - 02:37:00 (RTTNews)

(RTTNews) - UK consumer price inflation accelerated unexpectedly in June, data from the Office for National Statistics showed Wednesday.

Consumer price inflation rose to 0.6 percent from 0.5 percent in May. The rate was expected to slow to 0.4 percent.

Confounding expectations for a decline of 0.2 percent, consumer prices gained 0.1 percent after remaining unchanged in May.

Excluding energy, food, alcoholic beverages and tobacco, core inflation advanced to 1.4 percent from 1.2 percent in May. The rate was forecast to remain unchanged at 1.2 percent.

Prices for games and clothing provided upward contributions to inflation, while food prices provided downward contribution in June.

Another report from ONS showed that output prices dropped 0.8 percent on a yearly basis, slower than the 1.2 percent decrease in May and the expected drop of 1.1 percent. This was the third consecutive month that the rate has been negative.

Month-on-month, output prices advanced 0.3 percent, reversing a 0.2 percent drop in May. Economists had forecast a monthly growth of 0.2 percent. This was the first time the monthly rate has been positive since January 2020 and the highest since July 2019.

Input prices fell by 6.4 percent on year in June compared to a 9.4 percent drop in May. Economists had forecast a 6.5 percent fall.

On a monthly basis, input prices were up 2.4 percent in June, faster than the 0.9 percent rise logged in May but slower than the 3 percent rise economists' had forecast.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Portugal Q2 GDP Decline Revised To 16.3% (06 min(s), 54 sec(s) ago)
(RTTNews) - Portugal's economy contracted slightly less than initially estimated, but the rate ...Full Story»

Dutch GDP Falls Most On Record On Covid-19 Impact (53 min(s), 54 sec(s) ago)
(RTTNews) - The Netherlands' economy shrank at a record pace in the second quarter and entered ...Full Story»

Slovakia Economy In Recession In Q2 (37 min(s), 54 sec(s) ago)
(RTTNews) - Slovakia's economy shrank further in the second quarter amid the disruption caused ...Full Story»

U.S. Business Inventories Slump Slightly Less Than Expected In June (34 min(s), 54 sec(s) ago)
(RTTNews) - Business inventories in the U.S. showed a continued decrease in the month of June, acc ...Full Story»

U.S. Consumer Sentiment Unexpectedly Edges Higher In August (16 min(s), 54 sec(s) ago)
(RTTNews) - A preliminary reading released by the University of Michigan on Friday unexpectedly sh ...Full Story»

Finland Economy Sinks Into Deep Recession (53 min(s), 54 sec(s) ago)
(RTTNews) - Finland's economy shrank for a third consecutive quarter in the three months to Ju ...Full Story»

U.S. Industrial Production Growth Slows But Matches Estimates (55 min(s), 54 sec(s) ago)
(RTTNews) - Reflecting sharp increases in manufacturing and utilities output, the Labor Department ...Full Story»

U.S. Productivity Spikes In Q2 As Hours Plummet More Than Output (47 min(s), 54 sec(s) ago)
(RTTNews) - Labor productivity in the U.S. soared by much more than expected in the second quarter ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Portugal Q2 GDP Decline Revised To 16.3%

08/14/2020 - 12:01 PM (RTTNews)
(RTTNews) - Portugal's economy contracted slightly less than initially estimated, but the rate ...Full Story>>

Dutch GDP Falls Most On Record On Covid-19 Impact

08/14/2020 - 11:48 AM (RTTNews)
(RTTNews) - The Netherlands' economy shrank at a record pace in the second quarter and entered ...Full Story>>

Slovakia Economy In Recession In Q2

08/14/2020 - 11:32 AM (RTTNews)
(RTTNews) - Slovakia's economy shrank further in the second quarter amid the disruption caused ...Full Story>>

U.S. Business Inventories Slump Slightly Less Than Expected In June

08/14/2020 - 10:29 AM (RTTNews)
(RTTNews) - Business inventories in the U.S. showed a continued decrease in the month of June, acc ...Full Story>>

U.S. Consumer Sentiment Unexpectedly Edges Higher In August

08/14/2020 - 10:11 AM (RTTNews)
(RTTNews) - A preliminary reading released by the University of Michigan on Friday unexpectedly sh ...Full Story>>

Do not sell my personal information

Copyright © 2020. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.