CPI Slides In August, Below BOE Target,.....>

UK DATA: CPI Slides In August, Below BOE Target, Forecast 

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AUG CPI +0.4% M/M, +1.7% Y/Y VS +2.1% JUL 

AUG CORE CPI +0.4% M/M, +1.5% Y/Y VS +1.9% JUL                                                                                                          

AUG RPI 0.8% M/M; +2.6% Y/Y VS +2.8% Y/Y IN JUL

AUG INPUT PPI -0.1% M/M; -0.8% Y/Y VS 0.9r% JUL

AUG CPIH +0.3% M/M; +1.7% Y/Y VS +2.0% Y/Y JUL

JUL HOUSE PRICES +0.7% Y/Y VS +1.4% JUN

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Y/Y CPI fell short of expectations in Aug with the index falling to 

1.7% in contrast to market forecast of a drop to 1.9%. This month's fall 

was the sharpest y/y slowdown against the previous month since Dec 2014. 

Recreational and culture goods drove the decline, while food and 

non-alcoholic beverages and miscellaneuous goods saw the only y/y gains. 

Output PPI declined by 0.1% m/m and slowed to 1.6% y/y, missing market 

expectations of a 0.1pp y/y drop. Input prices fell 0.1% m/m and 0.8% 

y/y.