FX.co ★ European Economic News Preview: UK Inflation Data Due

Top economic news scheduled for Wednesday includes the release of consumer and producer prices in the UK, as well as the final inflation figures from the euro area.

At 2:00 AM ET, the UK Office for National Statistics will publish data on consumer and producer prices for June. Economists predict a slight decrease in inflation to 1.9% from 2.0% in May. Additionally, output prices are anticipated to have increased by 1.8% year-on-year, following a 1.7% rise the previous month.

At 3:00 AM ET, the Czech Statistical Office will release June's producer prices.

Following that, at 4:30 AM ET, UK house price data for July will be available.

Finally, at 5:00 AM ET, Eurostat is expected to release the final consumer price index for the euro area for June. It is forecasted that inflation will ease modestly to 2.5%, aligning with initial estimates, from 2.6% in May.