UK CPI was unchanged at 1.5% yoy in November. Core CPI was also unchanged at 1.70%. Both matched expectations. RPI accelerated to 2.2% yoy, up from 2.1% yoy, beat expectation of 2.1% yoy.
PPI input came in at -0.3% mom, -2.7% yoy, versus expectation of -1.2% mom, -4.9% yoy. PPI output was at -0.2% mom, 0.5% yoy, versus expectation of 0.0% mom, 0.9% yoy. PPI output core was at -0.1% mom, 1.1% yoy, versus expectation of 0.1% mom, 1.5% yoy.
