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BULLET: UK Data: CPI Steady At 3.0% in October; Joint Since..>

UK Data: CPI Steady At 3.0% in October; Joint Highest Since Mar 2012 
--UK Oct CPI +0.1% m/m; +3.0% y/y; Unchanged Versus Sep
--UK Oct Producer Output Prices +0.2% m/m; +2.8% y/y 
--UK Oct Producer Input Prices +1.0% m/m; +4.6% y/y 
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Headline CPI inflation held steady at 3.0% in October, confounding 
the expectations of most analysts and the Bank of England that it would 
edge higher. The BOE Monetary Policy Committee expected CPI to peak in 
October, and the path may well be downwards from here. The main upward 
contribution came from food, with inflation in the food and 
non-alcoholic beverages category spiking to 4.0% on the year from 3.0% 
in Sep. Offsetting effects came from furniture, household goods and 
miscellaneous goods and services. Pipeline inflation pressure eased 
markedly, with y/y input price inflation the lowest since July 2O16 and 
output price inflation the lowest since Nov 2016.             

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