- Analytics
- News and Tools
- Market News
- Inflation in the U.K. slows to below 1 percent for the lowest since May 2000
Inflation in the U.K. slows to below 1 percent for the lowest since May 2000
For the first time since 2002 U.K.'s inflation slowed below 1 percent after an annualized reading of 1% in November. Analyst expected the HICP, the index calculation includes food and clothing prices, education expenditures, as well as prices for public health services, transportation, utility payments and leisure, to decline to +0.7% but data for December showed that inflation sank more-than-expected to 0.5%, the lowest since May 2000. Month over month inflation was flat at 0.0% after falling 0.3% in November. Retail prices rose by +1.6% in line with expectations. Low inflation is putting more pressure on the Bank of England to keep benchmark interest rates at a record low.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
