UK: Annual CPI rises less than expected in June

FXstreet.com (Barcelona) - According to data released today by National Statistics, UK annual inflation rose 2.9% in June, following 2.7% growth registered the previous month. Analysts expected more increase of 3%. On a monthly basis CPI fell 0.2% in June, after climbing 0.2% in May, versus forecasts of a 0.1% drop.

Year-over-year Core CPI grew 2.3% in June, up from 2.2% in May, as projected.