UK CPI increased 0.1% MoM and 2.6% YoY in November, in-line with expectations.

• Core CPI inflation was slightly softer than expectations of a 3.6% YoY rate at 3.5% YoY.
• Goods CPI flipped from -0.3% YoY in the previous month to 0.4% YoY. Services CPI remained up 5.0% YoY.
• The owner occupiers' housing costs (OOH) component of CPIH rose by 7.8% YoY, up from 7.4% YoY October. This is the highest annual rate since February 1992 in the constructed historical series.
• The largest monthly increases came from alcohol and tobacco, up 1.4% MoM, and clothing & footwear, up 0.6% MoM.