UK Inflation Rises to 2.1% in July

UNITED STATES, WASHINGTON (VOP TODAY NEWS) — Inflation in the UK in July in annual terms increased to 2.1% after rising by 2% in June, in monthly terms the indicator was at zero level, according to data from the National Statistical Office (ONS).

Analysts interviewed by Reuters expected annual inflation of 1.9%, and in monthly terms, a deflation of 0.1%.

In addition, the CPIH index, which takes into account the expenses of homeowners on housing maintenance, for the reporting month in annual terms amounted to 2%. In monthly terms, the indicator became zero.

The pound against the dollar began to grow after the release of inflation statistics in the UK, which was higher than the forecast, according to trading data.

As of 12:49 Moscow time, the pound against the dollar rose to $ 1,2082 per pound against $ 1,2058 a day earlier.

The euro against the dollar rose to $ 1.1179 per euro from the previous close of $ 1.1169 per euro, the dollar against the yen fell to 106.39 yen per dollar from the previous close of 106.73 yen.

The dollar index (the dollar exchange rate against a basket of currencies of six countries – the main US trading partners) is reduced by 0.06% to 97.75 points.

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