UK inflation slows to 2.5% in December, below expectations
- UK inflation has decreased to 2.5% in December, which is lower than the expected 2.6%, according to official figures from the Office for National Statistics .
- Services inflation has dropped from 5% to 4.4%, which is below the economists' forecast of 4.9%.
- The decrease in inflation may increase the chances of an interest rate cut by the Bank of England's Monetary Policy Committee.
- The inflation rate remains above the 2% target set by interest rate setters at the Bank of England, as predicted in November.
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Coverage Details
Total News Sources0
Leaning Left11Leaning Right8Center15Last UpdatedBias Distribution44% Center
Bias Distribution
- 44% of the sources are Center
44% Center
L 32%
C 44%
R 24%
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