- The UK CPI increased 0.6% year-on-year in December compared to the + 0.5% expected.
- The monthly CPI reaches + 0.3% in December compared to the + 0.2% forecast.
- GBP / USD near daily highs of 1.3668 with the release of the data.
The annual rate of the UK Consumer Price Index (CPI) stood at + 0.6% in December compared to + 0.3% in November, beating expectations of + 0.5%, as reported by the Bureau of Statistics UK Nationals (ONS) this Wednesday.
Meanwhile, the core inflation indicator (excluding food and energy) reached + 1.4% year-on-year compared to the + 1.1% registered in November, beating the consensus forecast of + 1.3%.
Monthly figures showed UK consumer prices reached + 0.3% in December versus + 0.2% of expectations and -0.1% previously.
Market reaction
He GBP/USD remains in positive territory after publication. Having hit a three-day high at 1.3668 just before the data, the pair is trading at the time of writing above 1.3663, gaining 0.21% daily.
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