UK inflation slows for the first time in 6 months

16 Jan 2018 12:31 PM

Inflation in the UK slowed for the first time in six months in December, with the consumer price index falling to 3% in December from 3.1% in November, the fastest pace in more than five years. While the core consumer price index fell to a 5-month low of 2.5%.

Following the data, the Sterling declined and is currently trading at the 1.3750 levels, and today's figures may be the turning point in British inflation, which was clearly affected by the depreciation of the Pound. The Bank of England expects a slowdown this year and sees it could reach 2.4% by the end of the year. 2018.

The decline in December was due to the reweighting of airfares in the basket of inflation. services inflation slowed to 2.5%, the weakest level in nine months.

Prices may be delayed by 5 seconds. Prices above are subject to our website terms and conditions. Prices are indicative only