What gets published
All-items CPI for November: the 12-month rate and monthly change.
CPI including owner-occupiers' housing costs — the ONS preferred measure.
All items less food, energy, alcohol and tobacco — the underlying trend.
Services inflation (labour-intensive, stickier) vs goods inflation (tradeable, more volatile).
How to read it
The Bank of England targets CPI at 2%. CPIH (which includes owner-occupied housing) is the ONS preferred measure. Both are published simultaneously.
CPI →Services inflation reflects domestic labour costs and is stickier than goods. At 5.0% in October, it remains the main obstacle to the BoE cutting rates aggressively.
Core inflation →The November CPI release (17 Dec) comes after the December BoE meeting. It will feed directly into the February 2027 decision and the February Monetary Policy Report.
Real interest rate →On the day
December 2026 · times in GMTFull bulletin including components, goods/services split, and average prices goes live on ons.gov.uk.
November reading added to charts.
Component breakdown and Bank of England implications in plain language.