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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK CPI rose more than expected in December
In the UK, the consumer price index (CPI) recorded a rise of 0.60% on a YoY basis in December, compared to a rise of 0.30% in the previous month. Markets were expecting the CPI to rise 0.50%.
UK house price index advanced more than anticipated in November
In the UK, the house price index climbed 7.60% on a YoY basis in November, compared to a revised rise of 5.90% in the prior month.
Euro-zone CPI fell as expected in December
In the Euro-zone, the final CPI registered a drop of 0.30% on a YoY basis in December, compared to a similar fall in the previous month. Market expectations were for the CPI to drop 0.30%.
US number of mortgage applications eased in the week ended 15 January 2021
In the US, the number of mortgage applications eased 1.90% on a weekly basis in the week ended 15 January 2021, compared to a jump of 16.70% in the previous week.
US housing market index unexpectedly dropped in January
In the US, the housing market index recorded an unexpected drop to a level of 83.00 in January, compared to a reading of 86.00 in the previous month. Market anticipations were for the housing market index to record a steady reading of 86.00.
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