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- UK consumer price index rose less than expected in november
UK consumer price index rose less than expected in november
According to the report from Office for National Statistics, the Consumer Prices Index (CPI) 12-month rate was 0.3% in November 2020, down from 0.7% in October. Economists had expected a 0.6% increase.
The Consumer Prices Index including owner occupiers’ housing costs (CPIH) 12-month inflation rate was 0.6% in November 2020, down from 0.9% in October 2020.
The largest contribution to the CPIH 12-month inflation rate in November 2020 came from recreation and culture (0.24 percentage points).
Falling prices for clothing, and food and non-alcoholic beverages resulted in the largest downward contributions (of 0.17 and 0.09 percentage points respectively) to the change in the CPIH 12-month inflation rate between October and November 2020.
These were partially offset by upward contributions from games, toys and hobbies, and accommodation services.
As a result of the increased restrictions caused by the coronavirus (COVID-19) pandemic, 72 CPIH items were identified as unavailable in November, accounting for 13.9% of the basket by weight; the number has increased from eight in October but is down from 90 in April, the first full month of lockdown; for November, we collected a weighted total of 83.8% of comparable coverage collected before the first lockdown (excluding unavailable items).
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