UK headline inflation picks up in July, core prices hold steady

July CPI +2.9% vs +2.9% y/y expected Prior +2.6% July core CPI +2.6% vs +2.5% y/y expected Prior +2.6% The headline figure is in-line with estimates but core annual inflation is seen holding steady in July at 2.6%, as it was back in June. As mentioned in the preview, the rise in…