UK CPI Rises to 2.9%, but Services Inflation Moves Lower

UK inflation accelerated in July, with CPI rising from 2.6% to 2.9% y/y, matching consensus. Prices increased 0.3% m/m, compared with 0.1% in July 2025. Core CPI held at 2.6% y/y, slightly above expectations for 2.5%, but composition was less inflationary than headline suggested: services inflation eased from 3.6% y/y to 3.4%, while goods inflation […]

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