wrapper

UK CPI has fallen to a 12-year low

Tuesday, Dec 16 2014

The rate of inflation faced by households has fallen to a 12-year low. The Consumer Prices Index increased by 1.0% in the year to November 2014, down from 1.3% in the year to October. Analysts were forecasting 1.2% increase. The last time the rate was as low as 1.0% was September 2002 and it was last lower than this in June 2002 when 0.6% was recorded. 

 

 Falls in transport costs and in the prices of alcohol and certain recreational and cultural goods were the main contributors to the slowdown  in the rate of inflation between October and November. Petrol prices fell by 3.0 pence per litre on the month this year.

 

PPI Input fell by 1.0%, almost in line with market predictions.  Input price annual inflation fell 8.8% in the year to November, compared with a fall of 8.4% in the year to October.

 

After the data, Sterling was pushed sharply down and is currently being traded around 1.5630 area. Pair is likely to find support around 1.56 handle. Later today, in the US session, Building Permits and Housing Starts figures are scheduled for a release.

 
More in this category: « Eurozone Manufacturing and Services PMI rose in December Building Permits and Housing Starts in line with market forecast »

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.