U.K. inflation fell to a lower-than-expected 2.5% in December, with core price growth slowing further, according to data released by the Office for National…
The U.K. economy has found itself in a tight spot of late, with economists voicing concerns over the country's sluggish growth prospects.
Core inflation, which excludes more volatile food and energy prices, came in at 3.2% in the twelve months to December, down from 3.5% in November.The U.K.'s inflation rate had hit a more than three-year low of 1.7% in September, with monthly prices picking up since on the back of higher fuel costs and of services fees rising rising faster than the price of goods. In December, the annual services inflation rate stood at 4.4%, down from 5% in November.was up 0.1% against the dollar at 08:15 a.
and worries over headwinds caused by both external factors, such as potential trade tariffs once President-elect Donald Trump takes office, and The reading strengthened the case for a 25-basis-point interest rate cut by the BOE in February, she said in emailed comments,"and lends some support to our view that rates will fall further and faster than markets expect."
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