United Kingdom: Inflation unchanged in November
December 18, 2012
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.