At 08:00 (GMT+2), July data on the consumer price index in the UK will be released. It is the main indicator of inflation in the country and determines the change in retail prices for a certain “basket” of goods and services (food, transport, utilities, healthcare, etc.), and also has a significant impact on monetary policy decisions. The consumer price index is expected to rise from 9.4% to 9.8% YoY and to decrease from 0.8% to 0.4% MoM.
