United Kingdom Inflation Rate Unchanged at 2.7%


The Consumer Prices Index annual inflation stands at 2.7 per cent in November 2012, unchanged from October according to a release from the Office for National Statistics.

Although unchanged overall, at a more detailed level, there were significant upward and downward pressures on CPI annual inflation between October and November

The largest upward pressures to annual inflation came from food & non-alcoholic beverages (principally bread & cereals and vegetables) and housing & household services (particularly domestic gas and electricity). The largest downward pressures came from motor fuels and furniture, household equipment & maintenance. The CPI stands at 124.4 in November 2012 based on 2005=100
 
The Retail Prices Index annual inflation stands at 3.0 per cent in November 2012, down from 3.2 per cent in October. The largest downward pressures behind the change in the RPI rate came from motoring expenditure, housing and household goods. These were partially offset by an upward pressure from food.

Office for National Statistics | Nuno Fontes | nuno@tradingeconomics.com
12/18/2012 9:37:30 AM