AI Data Insight
The UK's Core CPI MoM for Q2 2026 reached 0.7%, a significant expansion from the previous observation of 0.4%. Although slightly lower than the market consensus of 0.8%, it has been rising for consecutive months. Affected by geopolitical shocks in Iran and high international oil prices, the rise in goods inflation has become the key driver of prices, posing a test to the Bank of England's short-term interest rate cut expectations.