UK CPI December 2017 3.0% vs 3.0% exp y/y

by | January 16th, 2018, 09:30:03 | Economic Data, UK

UK economics

December 2017 UK CPI & RPI data 16 January 2018

  • Prior 3.1%
  • 0.4% vs 0.4% exp  m/m. Prior 0.3%
  • Core 2.5% vs 2.6% exp y/y. Prior 2.7%
  • 0.3% vs 0.4% exp m/m. Prior 0.3%
  • CPIH 2.7% vs 2.8% exp. Prior 2.8%
  • RPI 4.1% vs 3.9% exp y/y. Prior 3.9%
  • 0.8% vs 0.6% exp m/m. Prior 0.2%
  • RPI ex-mortgage interest payments 4.2% vs 4.0% prior y/y
  • 0.8% vs 0.1% prior m/m
  • Nov 2017 HPI 5.1% vs 4.25 exp y/y. Prior 4.55. Revised to 5.4%

Mixed bag really between this and PPI. Inflation a tad softer, PPI a tad stronger. Overall not much of a change.

ONS says;

  • Rising airfares had smaller impact on on headline inflation vs year-ago
  • Annual PPI growth slowing due to oil price base effects
  • Output prices rose on higher tobacco and chemicals, partially offset by falling petrol prices
  • RPI y/y rate of 4.1% highest since Dec 2011 (4.8%) due to mortgage interest payments
  • RPIX y/y saw a rise on air fares, last time higher was Dec 2011 (5.0%)
  • Large house price revision down to more survey information for Nov 2017

GBPUSD dipped to 1.3755 from around 1.3780 but i trading at 1.3762.

Ryan Littlestone
Latest posts by Ryan Littlestone (see all)

Pin It on Pinterest