United Kingdom: Annual consumer prices rebound in November
December 15, 2015
In November, consumer prices were flat over the previous month, which came in below the 0.1% increase seen in October. The figure reflected that higher prices for alcohol and tobacco offset lower prices for food and non-alcoholic beverages.
Consumer prices in November increased 0.1% over the same month of last year, which contrasted the 0.1% decrease seen in October and marked a four-month high. The figure overshot the flat reading expected by the markets. Finally, annual average inflation was stable at October’s 0.1% in November, which marked the lowest print on record.
Author: Dirina Mançellari, Senior Economist