FX& CFD TIRDZNIECĪBAI IR AUGSTS RISKA LĪMENIS
The Office for National Statistics (ONS) released the consumer price inflation data for the U.K. on Tuesday. The U.K. consumer price index remained unchanged at 0.3% year-on-year in May. Analysts had expected to rise to 0.4%.
The increase was mainly driven by rises in transport costs, restaurant and hotel bills and the price of telecommunication services.
On a monthly basis, U.K. consumer prices increased 0.2% in May, missing expectations for a 0.3% gain, after a 0.1% rise in April.
Consumer price inflation excluding food, energy, alcohol and tobacco prices remained unchanged at 1.2% year-on-year in May, missing expectations for an increase to 1.3%.
The Retail Prices Index increased to 1.4% year-on-year in May from 1.3% in April, in line with expectations.
The consumer price inflation is below the Bank of England's 2% target.
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