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The Office for National Statistics (ONS) released the consumer price inflation data for the U.K. on Tuesday. The U.K. consumer price index rose to 0.1% year-on-year in November from -0.1% in October, in line with expectations.
The rise was driven by a smaller drop in petrol and diesel prices.
On a monthly basis, U.K. consumer prices were flat in November, beating expectations for a 0.1% decline, after a 0.1% increase in October.
Consumer price inflation excluding food, energy, alcohol and tobacco prices climbed to 1.2% year-on-year in November from 1.1% in October, in line with expectations.
The Retail Prices Index climbed to 1.1% year-on-year in November from 0.7% in October, exceeding expectations for an increase to 0.9%.
The consumer price inflation is below the Bank of England's 2% target.
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