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United Kingdom Inflation December 2022

United Kingdom: Inflation falls to lowest level since September in December

Inflation dropped to 10.5% in December from Novembers 10.7%. December’s result represented the weakest inflation rate since September. The slowdown was primarily due to softer growth in prices for recreation and culture and transportation.

Annual average inflation rose to 9.1% in December (November: 8.6%). Meanwhile, core inflation ticked up to 6.4% from 6.3%.

Lastly, consumer prices increased 0.37% in December over the previous month, broadly unchanged from the 0.39% increase logged in November. December’s result marked the softest rise in prices since January.

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