UK: CPI inflation rate likely rose 0.2% m/m in November – Danske Bank

In the UK, CPI data for November due out today will attract extra attention ahead of the BoE meeting on Thursday expects Research Team at Danske Bank.

Key Quotes

“We estimate the headline index rose 0.2% m/m in November, implying that the CPI inflation rate rose to 1.1% y/y, from 0.9% in October. The increase is driven mainly by higher energy prices and a smaller negative contribution from non-energy industrial goods. We estimate the core index rose 0.2% m/m, implying an increase in the CPI core inflation rate to 1.4% y/y, from 1.2%.”