CPI headline higher than expected, both the core measures in line

National CPI 0.8% y/y, faster than expected

  • expected 0.7%, prior was 0.5%

National CPI 0.7% y/y

  • excluding Fresh Food, expected 0.7%, prior was 0.5%

National CPI excluding Food, Energy 0.9% y/y

  • expected 0.9%, prior was 0.8%

The October sales tax rise will be playing a role in these higher numbers, don't take them too much to heart.