UK inflation down from 2.6% to 2.5% in December - Breaking The News

UK inflation down from 2.6% to 2.5% in December

15 January

1 min read

EPA-EFE/ANDY RAIN

Annual inflation in the United Kingdom rose to 2.5% in December, dropping from November's inflation rate of 2.6% and coming below analysts' expectations, the UK Office for National Statistics reported on Wednesday.

Consumer prices increased by 0.3% on a monthly basis, while the Consumer Prices Index, including owner-occupiers' housing costs (CPIH), remained at 3.5% year-on-year and climbed by 0.3% from the previous month.

Restaurants and hotels and clothing and footwear were the biggest contributors to the decrease in both the CPIH annual rates from November to December, followed by drops in alcohol and tobacco.

data cpi

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