U.K. Inflation Expectations Climb to 2016 High After July Data

  • Retail price growth accelerates in July as sterling plunged
  • 5-year, 5-year forward inflation rate above one-month average

A gauge of U.K. inflation expectations climbed to its highest level of 2016, as the nation’s Brexit decision and a slump in sterling helped push retail prices up in July faster than analysts had forecast.

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