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Euro area inflation stable in July

Euro area annual inflation is expected to be 0.2% in July 2015, stable compared with June 2015, in line with market forecasts. Looking at the main components of euro area inflation, services is expected to have the highest annual rate in July (1.2%, compared with 1.1% in June), followed by food, alcohol & tobacco (0.9%, compared with 1.1% in June), non-energy industrial goods (0.5%, compared with 0.3% in June) and energy (-5.6%, compared with -5.1% in June).
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Australian CPI rose 0.7% in Q2

Australian CPI rose 0.7% this quarter, compared with a rise of 0.2% last quarter. Analysts were anticipating 0.8% incline. It rose 1.5% over the last twelve months, compared with a rise of 1.3% through the year tothe previous quarter. Trimmed Mean CPI increased by 0.6%, in line with market forecasts.  Read more...

UK CPI unchanged, PPI continues to fall

Prices faced by UK households were unchanged over the year to June 2015 compared with a 0.1% rise in prices in the year to May. Analysts were predicting 0.1% increase. This means that a basket of goods and services that cost £100.00 in June 2014 would have still cost £100.00 in June 2015. This continues the trend of recent months when inflation has been at or around 0.0%. The main downward push on inflation between May and June 2015 (causing it to fall slightly from 0.1% to 0.0%) came from decreases in clothing and food prices along with smaller rises in air fares than a year ago. 
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Sterling higher ahead of tomorrow's CPI figures

It was a steadier Monday's session for Sterling without any data releases. Sterling had fallen to a one-month low earlier last week as the dollar surged on interest rate differentials moving in its favor, but it was then boosted by a British budget that was less austere than many had expected and also by robust housing data. The GBP has traded steadily during recent sessions, but this could all change tomorrow morning when the latest UK inflation numbers are published.

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