MNI: UK DATA: Inflation (Jul 2019) Preview -.........>

MNI: UK DATA: Inflation (Jul 2019) Preview - 0930BST

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-CPI: BBG:-0.1% m/m,1.9% y/y; MNI:-0.2% m/m,1.9% y/y; Pre(Jun):0.0% m/m,2.0%y/y 

-CPIH: BBG and MNI: 1.8% y/y; Pre(Jun): 1.8% y/y 

-Core CPI: BBG and MNI: 1.8% y/y; Pre(Jun): 1.9% y/y 

-RPI: BBG:0.0% m/m, 2.8% y/y; MNI:-0.1% m/m, 2.7% y/y; Pre(Jun):0.1% m/m,

2.9%y/y 

-Mkts look for the HL and core inflation to decelerate slightly by 0.1pp in Jul 

-CPI rose above the BOE's target in Apr (2.1%) before it slowed to 2.0% in May 

-Fwd-looking survey evidence points to subdued inflationary pressure 

-July's UK PMI reports showed service sector companies reporting a modest

increase in prices charged and weak input price inflation...

-...while manufactures saw both input and selling prices at their weakest levels

for three years 

-Meanwhile, the BRC-Nielson survey points to falling shop prices in July,

recording a decline by 0.1% for the second consecutive month