BULLET: UK Data: November CPI +0.3% m/m; +3.1% y/y vs 3.0%...>

UK Data: November CPI +0.3% m/m; +3.1% y/y vs 3.0% y/y in October

--UK November Core CPI +0.3% m/m; +2.7% y/y; unchanged vs October 

--UK November Input PPI +1.8% m/m; +7.3% y/y vs +4.8% y/y in October

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Headline inflation moved above 3.0% in November, taking it into letter 

writing territory for Bank of England Governor Mark Carney as it was 

more than one percentage point above the BOE's 2.0% target. The BOE had 

forecast CPI would peak at 3.2% in October, but the monthly profile has 

been a little different than expected, with volatile airfare and 

computer games prices having notable upward effects in November. Input 

prices spiked to up 7.3% on the year in November from up 4.8% in 

October, driven higher by a 27.5% year-on-year rise in crude oil prices. 

While volatile components are driving price moves month by month, core 

inflation is also elevated, coming in at 2.7% on the year in November 

and matching the October outturn.