UK inflation down to 10.5% in December - Breaking The News

UK inflation down to 10.5% in December

18 January

1 min read

EPA-EFE/TOLGA AKMEN

The United Kingdom's Consumer Price Index (CPI) rose 10.5% in December compared to the same month a year ago, the Office for National Statistics reported on Wednesday. The figure marks a decrease from November when annual inflation in the UK stood at 10.7% and is lower than analysts had anticipated.

The largest downward contribution to the annual inflation rate came from motor fuels, clothing and footwear and recreation and culture. On the other hand, prices in restaurants and hotels and food and non-alcoholic beverages were reported to have grown.

On a monthly basis, consumer prices were up 0.4% in December, while the Consumer Prices Index including owner occupiers' housing costs (CPIH) climbed 9.2% year on year and was up 0.4% month on month.

data cpi

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