UK July CPI +2.0% vs +2.2% y/y expected

Latest data released by ONS - 18 August 2021 - +2.5% - Core CPI +1.8% vs +2.0% y/y expected - Prior +2.3% A slight miss on estimates but perhaps a welcome one for the BOE as annual headline inflation sticks to the 2% target in July. The softer readings relative to June may help to reaffirm the 'transitory'