MNI: 5 Things We Learned From UK Prices>

     By Laurie Laird and Jamie Satchithanantham 

     LONDON (MNI) - The following are the key points from the November 

prices data published Tuesday by the Office for National Statistics. 

     - Bank of England staff did not get the monthly profile for CPI 

exactly right, as they had it peaking in October at 3.2% but instead it 

rose to 3.1% in November from 3.0%. The Bank's bigger picture, however, 

looks likely to be pretty accurate as it had CPI averaging a sliver 

under 3.0% in Q4. 

     -  Oil continues to be the big, erratic driver on input prices. 

The rise in input prices to 7.3% on the year in November from 4.8% 

was driven by the 27.5% rise in crude oil.      

     -  Sterling weakness continues to feed through to elevated UK 

inflation. Sectors with high input intensity saw higher inflation. The 

sterling effective rate, however, was up 1.3% year-on-year after 

falling almost 18% a year earlier.   

     -  Food prices, which are import intensive, rose by annual rate of 

4.1%, the biggest rise since September 2013. 

     -  House price inflation eased, falling to 4.5%, the lowest rate 

since May, while London recorded the slowest house price inflation in 

the country for the third straight month.   

-London bureau: 44 (0) 203 865 3812; email: ukeditorial@marketnews.com 

[TOPICS: M$B$$$,MABDS$]