After week of turbulence in markets, ONS data shows prices rose at slower rate last month than in November
Business live – latest updates Dip in inflation opens way for February interest rate cutUK inflation unexpectedly fell in December, handing some breathing space to the chancellor, Rachel Reeves, after a week of turbulence in financial markets.
With the government under pressure on the economy, figures from the Office for National Statistics showed the consumer prices index eased to 2.5%, below a reading of 2.6% in November, meaning prices rose at a slower rate.
Continue reading…Inflation, Rachel Reeves, Politics, Economics, Business, Economic growth (GDP), Economic policy, Financial sector, Bank of England, Energy bills, Tax and spending, Interest rates, UK newsRead More
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