- Prior 1.9%
- 0.5% vs 0.5% exp m/m. Prior -0.6%
- Core 1.7% vs 1.6% exp y/y. Prior 1.6%
Retail prices
- 0.6% vs 0.6% exp m/m. Prior -0.3%
- 2.7% vs 2.6% exp y/y. Prior 2.8%
- Ex mortgage & interest payments 0.7% vs 0.5% exp m/m. Prior -0.4%
- 2.7% vs 2.6% exp y/y. Prior 2.8%
January house price inflation (HPI)
- 6.8% vs 6.6% exp y/y. Prior 5.5%. Biggest rise since August 2010
- London prices +13.2% y/y
The expected fall in the headline number confirmed but a tick up in the core will go some way to offset that.
Biggest drivers of lower inflation were fuels ( -5.1% vs -1.8% prior y/y lowest since Sep 2009), Clothing (0.8% vs 1.7% prior y/y) and utility bills (3.2% vs 3.6% prior y/y lowest since Nov 2012)
GBP/USD more or less unchanged after a little pop to 1.6510.
UK CPI 25 03 2014
