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U.K. Inflation Quickens as Core Rate Rises to 5-Month High

From bloomberg.com

Britain’s inflation rate unexpectedly rose in July and a core measure of price growth jumped to the highest in five months. The increase in the headline reading to 0.1 percent from zero was due to clothing prices, with smaller discounts in the summer sales this year compared with a year earlier. Economists in a Bloomberg survey had forecast the rate would stay at zero. The core measure increased to 1.2 percent from 0.8 percent, higher than the 0.9 percent reading predicted by economists While the figures published Tuesday were stronger than anticipated, inflation is still well below the Bank of England’s 2 percent ... (full story)

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