UK RPI Holds Steady at 3.2%, Price Pressures Persist Across Key Categories

The UK's Retail Price Index (RPI) held steady at 3.2% in July, meeting market forecasts and mirroring June's reading.

The RPI measures inflation by tracking changes in prices for a basket of goods and services, including housing costs like mortgage interest payments.

Unlike the Consumer Prices Index (CPI), which is the Bank of England's primary target, RPI often runs higher due to differences in methodology and coverage.

The steady reading suggests that price pressures persist across key consumer categories, particularly housing, food, and transport.