UK price pressures continue to soar with annual inflation rising to 5.4% in Dec from 5.1% in Nov while the core inflation rate y/y rose to 4.2% from a prior reading of 4.0%. Get your market update from nickcawley1 here:
UK price pressures continue to soar with annual inflation rising to 5.4% in December from 5.1% in November while the core inflation rate y/y rose to 4.2% from a prior reading of 4.0%. Both readings beat market expectations.
One of the Bank of England’s favoured inflation readings, the consumer price index including owner occupier’s housing costs rose by 4.8% in the 12 months to December 2021, up from 4.6% to November. According to the Office for National Statistics ,The 12-month inflation rate was the highest since September 2008, when it also stood at 4.8%. This is the highest recorded 12-month inflation rate in thedata series, which begins in January 2006, and the highest rate since CPIH stood at 5.
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