UK CPI increased in line with market forecasts

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Tuesday, Dec 15 2015

UK Consumer Prices Index (CPI) rose by 0.1% in the year to November 2015, compared with a 0.1% fall in the year to October 2015. This was in line with market expectations. Movements in transport costs and alcohol and tobacco prices were the main contributors to the rise in the rate. Falling clothing prices partially offset the rise. CPIH (not a National Statistic) grew by 0.4% in the year to November 2015, up from 0.2% in October 2015.

The price of goods bought and sold by UK manufacturers, as estimated by the producer price index, continued to fall in the year to November 2015. Factory gate prices (output prices) for goods produced by UK manufacturers fell 1.5% in the year to November 2015, compared with a fall of 1.4% in the year to October 2015. Core factory gate prices, which exclude the more volatile food, beverage, tobacco and petroleum products, fell 0.1% in the year to November 2015, compared with a rise of 0.3% in the year to October 2015.

Sterling is currently being traded around 1.5140 area. Pair is likely to find support around 1.51 handle and resistance above 1.52 level. Later today, in the US session, CPI and Empire State Manufacturing Index figures are scheduled for a release.

More in this category: « Aussie higher after RBA Minutes and House Prices figures ZEW Economic Sentiment rose both for Eurozone and Germany »

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