United Kingdom consumer price level or the country's inflation turned positive in November and then after 2 months before the devaluation on an annual basis. But monthly inflation down to 0 percent in October after rising 0.1 percent. The increasein annual inflation is largely driven by the increase in the price of rental housing, the cost of a meal in the restaurant and also hotel rates. While the monthly declinetriggered by a drop in the price of clothing.
Annual inflation rose United Kingdom 0.1 percent in November, reversing a decline of 0.1 per cent in October, according to data of the United Kingdom Office for national statistics (ONS). On a monthly basis inflation was flat after rising 0.1 per cent last month.
As for core inflation which excludes prices of energy, food, alcoholic drinks and tobacco, up a little be 1.2 percent in November from 1.1 percent in October.
On an annual basis, in addition to a decrease in the rate of transport also happens tocost reduction and also the price of food and non alcoholic drinks. But no price rises,where most comes from the fall in the price of clothing and footwear which is is the first decline since 1996.
Another report from the ONS showed that the price of PPI was down 1.5 percent on an annual basis compared with a decline of 1.4 percent in October. This data is greater than 1.3 percent decline predicted by economists.
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