CPI Stable At BOE Target, First Input PPI 3.>

UK DATA: CPI Stable At BOE Target, First Input PPI Fall in 3 Yrs 

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JUN CPI +0.0% M/M, +2.0% Y/Y 

JUN CORE CPI +0.0% M/M, +1.8% Y/Y

JUN RPI 0.1% M/M; +2.9% Y/Y VS +3.0% Y/Y IN MAY

JUN OUTPUT PPI -0.1% M/M; +1.6% Y/Y VS +1.9%r MAY

JUN INPUT PPI -1.4% M/M; -0.3% Y/Y VS +1.4r% MAY

MAY UK HOUSE PRICES +1.2% Y/Y VS +1.5r% APR

MAY LONDON HOUSE PRICES -4.4% Y/Y; vs -1.7r% APR 

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UK CPI offered no surprises in June, bang in line with with Bank of 

England's 2.0% medium-term target and also analysts' expectations for 

June (MNI and Bberg medians looked for 2%). Other inflation measures 

were a touch easier for choice. Producer input prices were markedly 

lower, down 0.3% Y/Y, the first annual decline in three years. London 

house prices turned lower again in May, against some recent survey 

evidence of an upturn.