United Kingdom: Inflation picks up in December
January 25, 2016
In December, consumer prices increased 0.1% over the previous month, which came in above the flat reading observed in November. The figure reflected higher prices for transport costs.
Consumer prices in December increased 0.2% over the same month of the previous year, which followed the 0.1% increase seen in November and marked the highest reading in nearly a year. The figure overshot the 0.1% increase expected by the markets. Finally, annual average inflation inched down from a 0.1% increase in November to a flat reading in December, which marked the lowest print on record.
Author: Dirina Mançellari, Senior Economist