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UK Inflation In Upside Beat, RPI At 30-year High

UK DATA

UK inflation surprises to the upside in October, with the headline CPI reading up 1.1% m/m and 4.2% y/y, outpacing expectations for a gain of 3.9%.

  • CPI was last higher in Nov 2011, when it came in at 4.8%
  • Core inflation was higher by 3.4% y/y, also beating expectations by 0.3%.
  • RPI, often used as a measure for pay bargaining, rose 6.0% y/y, the highest since the spring of 1991.
  • Factory gate inflation also rose again, with input PPI at 13%


MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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