United Kingdom Inflation

United Kingdom

Inflation unchanged in November

In November, consumer prices added 0.2% over the preceding month, which came in below the 0.5% rise seen in October but was in line with market expectations. The monthly print was the result of higher prices for food and non-alcoholic beverages as well as for housing and household services, which more than offset lower transport prices.

Annual headline inflation remained steady at October's 2.7%, which represents the highest rate since May. Meanwhile, annual average inflation continued trending downwards, falling from 3.1% in October to 3.0% in November.

In its latest inflation report from November, the Bank of England expects inflation to average 2.5%in 2013, before moderating to 2.0% in 2014.


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United Kingdom Inflation Chart

United Kingdom Inflation November 2012

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: Office for National Statistics (ONS).

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