Surprise fall in UK inflation to 2.5% eases pressure on Rachel Reeves
After week of turbulence in markets, ONS data shows prices rose at slower rate last month than in November
UK 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...
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