Details from the January 2017 UK CPI and Core CPI data report 14 February 2017

  • Prior 1.6%

  • -0.5% vs -0.5% exp m/m. Prior 0.5%

  • Core 1.6% vs 1.8% exp y/y. Prior 1.6%

  • -1.0% v s-0.9% exp m/m. Prior 0.5%

  • RPI -0.6% vs -0.4% exp m/m. Prior 0.6%

  • 2.6% vs 2.8% exp y/y. Prior 2.5%

  • RPI ex-mortgage payments -0.6% vs 0.6% prior m/m

  • 2.9% vs 2.7% prior y/y

It looks a miss on paper, and it is vs expectations only. CPI has still risen on last month, while the core remains at 1.6%.

GBPUSD is down to 1.2477.

Fuel prices in the hot seat as usual. They saw their biggest rise since Sep 2011. Food prices were higher too. Clothing and footwear countered the CPI gains.

UK CPI details

UK CPI & core y/y