UK inflation slides to 3% as expected – GBP continues downward correction

Inflation in the UK slides to 3% y/y as expected. Month over month, this is an advance of 0.4%.. Other figures were mixed: core inflation dropped from 2.7% to 2.5%, more than forecasts. PPI also fell short of expectations with a marginal rise of 0.1% while PPI Output came out ahead of projections with 0.4%. […]

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