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UK: Annual CPI grows 2.1% in November

FXstreet.com (Barcelona) - According to data released today by National Statistics, UK annual inflation rose 2.1% in November, following 2.2% growth registered the previous month. Analysts expected +2.2%. On a monthly basis CPI edged up 0.1% in November, after rising 0.1% in October, slightly below forecasts of +0.2%.

Year-over-year UK Core CPI increased 1.8% in November, up from +1.7% in October, as projected.

UK November PPI Core Output (MoM) n.s.a falls 0.1%; (YoY) up 0.7%

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GBP/USD declines following UK CPI miss

Having climbed throughout the overnight session to post a morning high at 1.6335, GBP/USD has declined in the immediate aftermath of UK CPI data.
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