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.
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