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UK CPI rose by 0.5% in June

The Consumer Prices Index (CPI) rose by 0.5% in the year to June 2016, compared with a 0.3% rise in the year to May. The June rate is a little above the position seen for most of 2016, though it is still relatively low historically. Rises in air fares, prices for motor fuels and a variety of recreational and cultural goods and services were the main contributors to the increase in the rate. These upward pressures were partially offset by falls in the price of furniture and furnishings and accommodation services. The price of goods bought and sold by UK manufacturers, as estimated by the Producer Price Index, continued to fall in the year to June 2016.
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US CPI increased by 0.2%

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2% in June on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported. Over the last 12 months, the all items index rose 1.0% before seasonal adjustment. For the second consecutive month, increases in the indexes for energy and all items less food and energy more than offset a decline in the food index to result in the seasonally adjusted all items increase. The food index fell 0.1%, with the food at home index declining 0.3%. The energy index rose 1.3%, due mainly to a 3.3% increase in the gasoline index; the indexes for natural gas and electricity declined.  Read more...

Eurozone CPI expected to be 0.1% in June

Euro area annual inflation is expected to be 0.1% in June 2016, up from -0.1% in May 2016, according to a flash
estimate from Eurostat, the statistical office of the European Union. Analysts were predicting increase to 0.0%.
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US CPI increased 0.2% in May

The Consumer Price Index increased 0.2% in May on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported. Over the last 12 months, the all items index rose 1.0% before seasonal adjustment. The food index declined in May, but the indexes for energy and all items less food and energy rose, resulting in the seasonally adjusted all items increase. The food index fell 0.2% as all six major grocery store food group indexes declined. The energy index increased 1.2% as the gasoline index rose 2.3% and the indexes for fuel oil and natural gas also advanced.   Read more...

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