This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.
X
MM+Cover+small+181214

UK inflation falls to 4.2%

  • Print
  • Comment

The UK consumer prices index has fallen to 4.2 per cent in December, according to the Office for National Statistics.

The consumer prices index is down 0.6 per cent from 4.8 per cent in November. The retail prices index fell to 4.8 per cent, from 5.2 per cent in November.

The last time there was a larger fall in annual inflation was between November and December 2008. The falls came from downward pressure on petrol, gas and clothing prices. RPI downward pressures came from petrol, oil & other fuels, gas, clothing and footwear.

Both RPI and CPI have fallen markedly since September 2011, when RPI reached a 20-year high of 5.8 per cent, while CPI stood at 5.6 per cent.

The Bank of England’s target rate for CPI is 2 per cent. Last month, Bank of England executive director and chief economist Spencer Dale said inflation would fall to around 3 per cent by March 2012.

  • Print
  • Comment

Daily Email Updates
If you enjoyed this article, sign up to receive the latest news and analysis from Money Marketing.

The Money Marketing CPD Centre
Build your annual CPD - you can log and plan your CPD hours for free with The Money Marketing CPD Centre.

Money Marketing Awards 2015
Put your firm forward as the leading practitioner in your field. Adviser and Advertising categories are open to entries - Enter Now.

Have your sayEdit my profile/screen name

You must sign in to make a comment

AXA Wealth


Fund Data

Editor's Pick



Poll

Will providers be forced to pay out compensation over annuity misselling?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments