UK inflation unexpectedly dips to 2.5% in December

Quick Summary:

The slower rate means inflation is still above the Bank of England's 2% target.

Falling inflation does not mean prices are decreasing, but are now rising at a slower pace.

Tobacco prices also increased by less than in December 2023, he added, which was a factor in the overall rate of inflation coming down.

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Article Details

Category: Business

Markets: United Kingdom

Topics: Rates Costs Bank Inflation Cost December Interest Prices Month Rate

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-15 @ 07:46:11 (12 hours ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 603 words

Reading Time: 4 minutes read

Sentences: 30 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 25171408

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About BBC Business

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 5 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 19 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #43

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