UK inflation falls sharply (6.8% vs. 7.9%) but core remains at 6.9%
Bankinter: July CPI slows down sharply, although core is still holding at 6.9% – CPI (July): +6.8% year-on-year vs. +6.7% expected +7.9% previously. Over the month: -0.4% month-on-month vs. -0.5% expected and +0.1% previous. Underlying: +6.9% year-on-year vs. +6.8% expected and +6.9% previously. Assessment: Inflation slowed significantly in July, in the first month with month-on-month falls in price levels since January. Of note are the falls in Housing (-4.1% month-on-month)…