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May CPI In Line With BOE Target, Input Fall.>

UK DATA
UK DATA: May CPI In Line With BOE Target, Input Prices Fall
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MAY CPI +0.3% M/M, +2.0% Y/Y (BBG, MNI +0.3%; +2.0%) 
MAY CORE CPI +0.2% M/M, +1.7% Y/Y (BBG, MNI +1.6% Y/Y)                                             
MAY RPI 0.3% M/M; +3.0% Y/Y (BBG, MNI +0.2% M/M)}
MAY OUTPUT PPI +0.3% M/M; +1.8% Y/Y (BBG, MNI +0.2% M/M)
MAY INPUT PPI 0.0% M/M; +1.3% Y/Y VS +4.5% APR (BBG, MNI +0.2% M/M)
MAY CPIH +0.3% M/M; +1.9% Y/Y VS +2.0% Y/Y APR
APR HOUSE PRICES +1.4% Y/Y VS +1.6% MAR
APR LONDON HOUSE PRICES -1.2% Y/Y; UP FROM -2.5%r MAR}
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Annual CPI edged lower in May, falling back in line with the Bank of 
England's 2% target rate, as air fares continued to adjust for Easter 
and car prices fell again. Producer input inflation fell sharply, with 
commodities fuel and petrol prices all weighing.  
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