FX.co ★ UK Core RPI Accelerates in July, Doubling Month‑on‑Month Pace

The United Kingdom’s core Retail Price Index (RPI) rose 0.6% month‑on‑month in July 2026, doubling the 0.3% increase recorded in June 2026. The latest data, updated on 19 August 2026, point to a noticeable acceleration in underlying price pressures compared with the previous month.

On a month‑over‑month basis, the “actual” July reading reflects the change from June to July, while the “previous” figure captures the change from May to June. The move from 0.3% to 0.6% suggests that core retail prices—excluding the most volatile components—are rising at a faster pace, a development that investors and policymakers will scrutinize closely for signals on the inflation outlook and potential implications for future monetary policy decisions.