UK core CPI seen 0.1pp lower to 1.9%y/y - Barclays

Analysts at Barclays provide their thoughts on what to expect from today’s UK CPI report for the month of June, slated for release at 0830 GMT.

Key Quotes:

“Headline y/y from 2.3% to 2.4%.

But we see core 0.1pp lower to 1.9%y/y.

Main driver ... fuel, lubricants and household administered tariffs as the Big Six price hikes should largely feed through in June.

See all other components broadly unchanged from the previous month.”