UK Annualized CPI Beats Estimates With 0.7% in Sept

he UK Consumer Prices Index (CPI) 12-month rate came in at +0.7% in October when compared to +0.5% booked in September while beating expectations of a +0.6% print, the UK Office for National Statistics (ONS) reported on Wednesday.

Meanwhile, the core inflation gauge (excluding volatile food and energy items) arrived at +1.5% YoY last month versus +1.3% booked in September while meeting the consensus forecast of +1.3%.

The monthly figures showed that the UK consumer prices arrived at 0% in Sept vs. -0.1% expectations and +0.4% prior.