U.K. Consumer Price Index (YoY) For August 6.7% Vs. 7% Est.; 6.8% Prior
Portfolio Pulse from Benzinga Newsdesk
The U.K. Consumer Price Index (CPI) for August was reported at 6.7%, slightly below the estimated 7% and the prior figure of 6.8%.
September 20, 2023 | 6:00 am
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The lower than expected U.K. CPI may impact the iShares MSCI United Kingdom ETF (EWU), as it reflects the economic conditions in the U.K.
The U.K. CPI is a key economic indicator that can influence the performance of U.K.-related ETFs like EWU. A lower than expected CPI may suggest slower economic growth, which could negatively impact the ETF in the short term.
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IMPORTANCE 70
RELEVANCE 80