UK CPI steadies at 2.0% y/y in June, meets estimates (GBP unmoved)

The UK Consumer Prices Index (CPI) 12-month rate came in at 2.0% in June, when compared to 2.0% booked in May while coming in line with expectations of a 2.0% print, the UK Office for National Statistics (ONS) reported on Wednesday. 

Meanwhile, the core inflation gauge (excluding volatile food and energy items) arrived at 1.8% y/y versus 1.7% booked in May while matching the consensus forecast of 1.8%.

The monthly figures showed that the UK consumer prices arrived at 0.0% in June, meeting 0.0% expectations and 0.3% last.