- Prior +8.7%
- Core CPI +7.1% vs +6.8% y/y expected
- Prior +6.8%
There is a slight delay to the data release but the pound is moving higher right off this initial headline. On the month, headline inflation increased by 0.7% and that is higher than the 0.5% estimated as well. Cable touched a high of 1.2802 from around 1.2765 coming into the report.