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UK DATA
(MNI) LONDON
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
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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