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British CPI grows faster-than-forecast 2.1% in July

Steve Goldstein

U.K. consumer prices in July rose to 2.1% year-over-year from 2% in June, and above the economist forecast of 1.9% growth. Core CPI also rose more quickly than forecast, rising a tick to 1.9%. The Office for National Statistics cited rising prices in games, toys and hobbies, and accommodation services, as well as clothing and footwear and "other" financial services, which offset declines from transportation services and electricity and gas.