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mpc: 22 CPI inflation had risen to 1.2% in October, which was a little higher than expected. On the basis of these data, it seemed likely that the short-term outlook for inflation would be a little higher than expected at the time of the November Inflation Report. In line with pre-release arrangements, an advance estimate of CPI inflation in November had been provided to the Governor 3½ days ahead of publication, and this suggested a rise in the rate to 1.5%. This was higher than the Committee's expectations based on the October data. However, CPI inflation had been at 1.6% in June, before falling to 1.1% in September, and movements of this magnitude over a few months were by no means unusual.