In December, consumer prices increased 0.4% over the previous month, which doubled the 0.2% rise observed in November. The stronger print mainly reflected seasonal increases in the prices for transport, especially air fares, as well as for food and non-alcoholic beverages. Despite the monthly increase, annual headline inflation dropped markedly from 4.8% in November to 4.2% in December. The figure represents the lowest level since June and was in line with market expectations. Despite the moderation, inflation remains high by historical standards, averaging 4.5% in the full year 2011, which represents the highest level since 1991 and more than doubles the Bank of England's target of 2.0%. According to its November Inflation Report, the Bank of England estimates inflation to moderate to 2.6% in 2012.
United Kingdom Inflation
Inflation moderates further in December
January 17, 2012
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United Kingdom Economic News
October 18, 2016
In September, consumer prices increased 0.2% from the previous month, which came in below the 0.3% increase seen in the previous month.
October 8, 2016
In August, industrial production contracted 0.4% over the previous month in seasonally-adjusted terms, which contrasted the 0.1% increase recorded in July.
October 3, 2016
In September, the manufacturing sector recovered the ground it had lost after the EU referendum.
September 30, 2016
In September, home prices in the United Kingdom rose 0.3% over the previous month, which was below the 0.6% increase seen in August that had marked the highest reading in five months, according to the Nationwide Building Society (NBS).
United Kingdom: BoE keeps the Bank Rate unchanged in September and signals more policy easing later this year
September 15, 2016
At its meeting on 15 September, the Monetary Policy Committee (MPC) of the Bank of England (BoE) voted unanimously to keep the Bank Rate unchanged at 0.25%.