UK CPI unchanged in August

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Tuesday, Sep 15 2015

The Consumer Prices Index (CPI) was unchanged in the year to August 2015, that is, a 12-month rate of 0.0%, down from 0.1% in the year to July 2015. This was in line with expectations.A smaller rise in clothing prices on the month compared with a year ago was the main contributor to the slight fall in the rate. There were also downward effects from changes in motor fuel prices and sea fares.Rising prices for soft drinks and for furniture and furnishings partially offset the fall.

The price of goods bought and sold by UK manufacturers, as estimated by the producer price index, continued to fall in the year to August 2015. Crude oil continued to drive down input prices, feeding through to a drop in output prices of petroleum products. PPI Input prices fell by 2.4% also in line with market forecasts.

After the data Sterling added few points and is currently being traded around 1.5450 level. Pair is likely to find support around 1.54 area and resistance above 1.55 level. Later today, in the US session, Retail Sales, Empire State Manufacturing Index and Industrial Production figures are scheduled for a release.

More in this category: « Aussie down after RBA Meeting Minutes ZEW Economic Sentiment decreased more than expected »

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