The United Kingdom released the closely watched consumer price index for September, where the monthly CPI expanded by 0.6% similar to the expansion seen in August, yet above the expected 0.4%. Over annual basis, the index also expanded to 5.2% from the previous 4.5%, above expectations of 4.9%.
Moreover, the core CPI also expanded to 3.3% from 3.1% over annual basis, more than the expected expansion of 3.2%.
The monthly retail price index also expanded by 0.8% from 0.6%, above the expected 0.5% estimate. In addition, the annual RPI reached 5.6% from the previous 5.2%, also worse than the expected 5.4% expansion.
Furthermore, the retail price index excluding mortgage initial payments also inclined by 5.7% from 5.3%, and above the expected expansion of 5.5%.