FX.co ★ UK Core CPI Eases to 0.2% in July, Signalling Slight Cooling in Underlying Inflation

The United Kingdom’s core Consumer Price Index (CPI) rose 0.2% month-over-month in July 2026, easing from a 0.3% increase recorded in June 2026. The latest data, updated on 19 August 2026, indicate a modest cooling in underlying inflation pressures when compared with the prior month.

On a month-over-month basis, the “Actual” figure for July reflects the change in core prices versus June, while the “Previous” reading captures June’s change versus May. The step down from 0.3% to 0.2% suggests that core inflation — which strips out more volatile components — is rising at a slightly slower pace, a development likely to be closely watched by policymakers and financial markets assessing the trajectory of UK inflation.