UK headline inflation rate drops to 6.8% in July

U.K. headline inflation cooled sharply in July to an annual 6.8%, but the core consumer price index remained unchanged, posing a potential headache for the Bank of England.

The headline CPI reading was in line with a consensus forecast among economists polled by Reuters, and follows the cooler-than-expected 7.9% figure of June. On a monthly basis, the headline CPI decreased by 0.4% versus a consensus forecast of -0.5%.

However, core inflation — which excludes volatile energy, food, alcohol and tobacco prices — stayed 6.9%, unchanged from June and slightly above a consensus forecast of 6.8%.

Fidelity Special Values PLC (LON:FSV) aims to seek out underappreciated companies primarily listed in the UK and is an actively managed contrarian Investment Trust that thrives on volatility and uncertainty.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
Fidelity Special Values

More articles like this

Fidelity Special Values

Mining momentum lifts FTSE as market eyes tariff clarity

Investor confidence edged higher as heavyweight miners surged, pushing the FTSE 100 into positive territory. All eyes remain on upcoming inflation figures and the latest from Washington, where tariff policy updates could stir global markets. The

Fidelity Special Values

FTSE 100 gains as EU strikes back against US tariffs

European markets edged higher on Wednesday morning as the EU took swift action against the newly implemented US tariffs on steel and aluminium. The move, which removes all country exemptions, signals rising tensions with key trading