UK inflation came in a little stronger in July than analysts expected

British consumer price inflation was a smidgen stronger in July than analysts had expected, coming in at +0.1% year-on-year.

Core prices, which strip out the effects of volatile items like food and energy, rose by 1.2%, considerably more than expected.

Analysts were expecting pretty much precisely what happened in June to happen in July too — 0% consumer price inflation (CPI) year-on-year, and 0.8% core price inflation.

NOW WATCH: 50 Cent testifies his lifestyle is an illusion

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.