UK: Annual CPI up 3.1% May

FXstreet.com (Barcelona) - According to data released today by National Statistics, UK annual inflation rose 3.1% in May, up from 2.4% growth registered the previous month. This result is above forecasts of 2.6%. On a monthly basis UK CPI was at 0.2% in May, following +0.2% in April, slightly above expectations of +0.1%.

Year-over-year Core CPI rose 2.2% in May, up from 2% in April and above consensus of +2.1%. On a monthly basis Core CPI declined 0.2% in June, following a 0.2% fall in May.