Update: U.K. CPI and U.S. PPI

There was limited reaction to the U.K. CPI which declined 0.7 percent to 4.5 percent annually, the sharpest in at least eleven years. It might be overshadowed somewhat by frequent news from the troubled auto industry in the U.S.

The U.S. PPI declined 2.8 percent just in October, more than analysts' estimates, but the Core PPI which excludes the volatile food and energy prices rose again showing that the recent sharp drop in commodities prices still needs time to be passed through the production channels.