UK inflation stagnated in November

FXStreet (Mumbai) – UK’s consumer price index stagnated in November. It was expected to fall -0.1 per cent. Year on year the CPI came in at 0.1 per cent in November, in tune with market’s estimates and compared with a 0.1% fall in the year to October 2015.

Movements in transport costs and alcohol and tobacco prices were the main factors that supported an increase in rates. Falling clothing prices partially offset the rise.

UK’s consumer price index stagnated in November. It was expected to fall -0.1 per cent. Year on year the CPI came in at 0.1 per cent in November, in tune with market’s estimates and compared with a 0.1% fall in the year to October 2015.

(Market News Provided by FXstreet)