• Prior 1.5%
  • CPI 0.0% vs 0.2% exp m/m. Prior 0.4%
  • Core CPI 1.5% vs 1.8% exp y/y. Prior 1.9%
  • RPI 0.2% vs 0.3% exp m/m. Prior 0.4%
  • 2.3% vs 2.3% exp y/y . Prior 2.4%
  • RPI-ex mortgage interest payments 0.2% vs 0.3% exp m/m. Prior 0.4%
  • 2.3% vs vs 2.4% exp y/y. Prior 2.5%

GBP/USD nose dives to 1.5981 as both the headline and the core come in lower. There will be big worries over the drop in the core and I’ll grab the details now.

The big falls came from transport (0.1% vs 1.2%%prior y/y), restaurants & hotels (2.3% vs 2.6% prior y/y) and recreation & culture (0.7% vs 1.4% prior y/y)

UK CPI 14 10 2014

UK CPI 14 10 2014

UK CPI mm yy 14 10 2014

UK CPI mm yy 14 10 2014

UK Core cpi yy 14 10 2014

UK Core cpi yy 14 10 2014