UK: November CPI to remain unchanged at 3% - ING

Analysts at ING expect UK’s headline CPI to remain unchanged at 3%, but more importantly, they think this is a peak.

Key Quotes

“The bulk of the pound's depreciation has now passed through to inflation, and both core and headline inflation will start to trend lower through the spring. The question now is whether 'domestically-generated' inflation will speed up next year - but sluggish growth and political uncertainty could limit firm's ability to increase prices and wages.”