UK inflation data (for November) due today - quickie preview

File this away for a little later, headline, core, retail CPI data due at 0930 GMT

This via RBC:

• Despite a jump in petrol prices on the month, we only see CPI inflation holding steady at 3.0% y/y in November, in what could well be the peak in this cycle.
• After last month's downside surprise, our latest profile means that inflation wouldn't drift into the territory of letter-writing more than one percentage point above the 2% target.
• Nevertheless, inflation is set to remain above 2% throughout 2018.
• For RPI we also see no change this time, so another 4.0% y/y outturn, and for CPIH 2.8% y/y is expected.
• If CPI does surprise to the upside and require Governor Carney to write an open letter explaining the overshoot, it should be published along the MPC minutes on Thursday.