UK May CPI +2.0% vs +2.0% y/y expected ...Middle East

Prior +2.3%Core CPI +3.5% vs +3.5% y/y expectedPrior +3.9%The readings are in line with estimates, with the monthly figures showing a 0.3% increase in headline inflation and 0.5% increase in core inflation. Despite the headline reading touching the crucial 2% mark, core annual inflation remains high at 3.5%. And the more worrying detail is that services inflation is keeping on the high side at 5.7% (although lower than the 5.9% reading in April). This article was written by Justin Low at www.forexlive.com.

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