United Kingdom: Inflation eases to a record low level in December
January 13, 2015
In December, consumer prices were flat over the previous month, which was up from the 0.3% drop reported in the November. December’s figure was mainly driven by lower prices for gas and electricity,
Annual inflation fell from 1.0% in November to 0.5% in December, which marked the lowest rate on record. December’s figure came in below market expectations, which had inflation falling at 0.7%. Annual average inflation inched down from November’s 1.6% to 1.5% in December, and now stands at its lowest level since March 2005.
Author: Dirina Mançellari, Senior Economist