BULLET: UK Data:CPI Flat as Food, Clothing, Transport Offset.>

UK Data:CPI Flat as Food, Clothing, Transport Offset Energy, Misc. Goods      

--UK October CPI +0.1% m/m; +2.4% y/y Unchanged vs September

--UK October Core CPI Flat m/m; +1.9% y/y Unchanged vs September 

--UK Sep House Prices +3.5% y/y vs +3.1% y/y Aug; London prices -0.3%y/y 

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CPI came in unchanged to one decimal place in October with changes 

across a number basket components neutralising each other. Food prices, 

contributing -0.06pp to the overall monthly change, were pushed lower by 

yoghurt and cheese prices - driven purely by base effects. Clothing 

prices also moderated (-0.05pp from the change in CPI). On the year, 

clothing prices slumped 1.1%, the biggest fall in over two years, but 

the ONS could not attribtute this to any early promotional campaigns. 

Fuels provided upward pressure, +0.03pp, while higher energy tariffs did 

also (+0.04pp). House price growth picked up but London prices fell for 

the third straight month.