Based on knowledge printed by Workplace for Nationwide Statistics in the present day (18 December), the annual fee of the UK Shopper Costs index – which excludes vitality, meals, alcohol and tobacco – hit 2.6% in November, up from 2.3% a month earlier than.
The information was barely under FactSet’s consensus, which anticipated that determine to face at 2.7% final month.
UK economic system unexpectedly shrinks by 0.1% in October sparking ‘trigger for concern’
On a month-to-month foundation, CPI rose by 0.1% in November, in comparison with a 0.2% fall recorded the identical month final yr.
The most recent inflation stats weakened the pound as markets…
