UK: Headline inflation surged by 0.6% y/y - BBH

Research Team at BBH, notes that the UK’s headline inflation was 0.6% y/y vs. 0.7% expected, while core inflation was 1.3% y/y vs. 1.4% expected. 

Key Quotes

“UK consumer prices were flat in 2015 (December CPI was zero year-over-year).  It stood at 0.5% in June and rose to 0.6% in July.  The core rate has been essentially flat.  It was 1.4% at the end of last year, and in August it edged up from 1.3% in July.”