{"id":11801,"date":"2021-07-14T09:25:06","date_gmt":"2021-07-14T09:25:06","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/07\/14\/ftse-100-drops-as-inflation-rises-sharply\/"},"modified":"2021-07-14T09:25:06","modified_gmt":"2021-07-14T09:25:06","slug":"ftse-100-drops-as-inflation-rises-sharply","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/07\/14\/ftse-100-drops-as-inflation-rises-sharply\/","title":{"rendered":"FTSE 100 Drops As Inflation Rises Sharply"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> U.K. stocks declined on Wednesday as investor mood soured on signs on increasing inflationary pressure. <\/p>\n<p>Official data showed earlier today that U.K. consumer inflation rose to 2.5 percent in June from 2.1 percent in May. The rate was forecast to climb to 2.2 percent.<\/p>\n<p>The annual growth was largely driven by prices of food, second-hand cars and clothing and footwear.<\/p>\n<p>On a monthly basis, consumer prices gained 0.5 percent, following a 0.6 percent rise in May. The expected rate was 0.2 percent.<\/p>\n<p>The benchmark FTSE 100 dropped 35 points, or half a percent, to 7,089 after closing marginally lower on Tuesday. <\/p>\n<p>Travel &amp; leisure stocks were losing ground, with TUI tumbling 4 percent on reports the world&#8217;s largest holiday company has cancelled more holidays until August.<\/p>\n<p>easyJet dropped 1.6 percent, Ryanair Holdings shed 0.6 percent and British Airways owner IAG lost 1.2 percent on worries over the Delta variant&#8217;s spread in the continent. <\/p>\n<\/p>\n<p>Market Analysis<\/p>\n<\/div><\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>FTSE 100 Drops As Inflation Rises Sharply<\/a><br \/>\n<br \/>2021-07-14 09:25:06<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.K. stocks declined on Wednesday as investor mood soured on signs on increasing inflationary pressure. Official data showed earlier today that U.K. consumer inflation rose to 2.5 percent in June&#8230;<\/p>\n","protected":false},"author":2,"featured_media":11802,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1531412501799-1b4c354ca957?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=2734&q=80","fifu_image_alt":"","footnotes":""},"categories":[29],"tags":[],"class_list":["post-11801","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/11801","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=11801"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/11801\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/11802"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=11801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=11801"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=11801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}