UK CPI accelerated to 0.7% yoy in October, up from 0.5% yoy, above expectation of 0.5% yoy. Core CPI also rose to 1.5% yoy, up from 1.3% yoy, beat expectation of 1.3% yoy. Largest contribution came from recreation and culture. RPI rose to 1.3% yoy, up from 1.1% yoy, matched expectations.
PPI input was at 0.0% mom, -1.3% yoy, versus expectation of 0.0% mom, -2.6% yoy. PPI output was at 0.0% mom, -1.4% yoy, versus expectation of 0.1% mom, -0.7% yoy. PPI output core was at -0.2% mom, 1.1% yoy, versus expectation of 0.1% mom, 0.4% yoy.
