Inflation Unchanged Under Pressure

The Consumer Prices Index (CPI) annual inflation remained unchanged at 2.7% (124.4) in November as compared with October 2012. The unchanged figure however does not show the significant upward pressures on the CPI from food and non-alcoholic beverages and housing and household services during the month. Downward pressures on the CPI came from motor fuels and furniture, household equipment and maintenance. The RPI inflation figure stands at 3% (245.6) down from 3.2% in October. Motoring expenditure, housing and household goods provided the main downward pressure offset slightly by upward pressure from food.