15 Dec 2015
UK CPI posted 0.1% y/y growth in November - TDS
FXStreet (Delhi) – Research Team at TDS, notes that the UK headline inflation rose by 0.1% y/y in November, matching market expectations.
Key Quotes
“The core measure also came out as expected, posting a 1.2% y/y gain, the highest since July. Restaurant/hotels and Education supported headline inflation, while transport and food were the key drags on a year-on-year basis. Going forward, passing base effects from last year’s decline in energy prices should help support headline inflation, but the renewed leg down might work to offset some of that.”
Key Quotes
“The core measure also came out as expected, posting a 1.2% y/y gain, the highest since July. Restaurant/hotels and Education supported headline inflation, while transport and food were the key drags on a year-on-year basis. Going forward, passing base effects from last year’s decline in energy prices should help support headline inflation, but the renewed leg down might work to offset some of that.”