Surprise fall in UK inflation to 2.5% eases pressure on Rachel Reeves
After week of turbulence in markets, December CPI reading shows prices rose at slower rate 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.
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UK inflation unexpectedly dips to 2.5% in December
The slower rate eases pressure on chancellor Rachel Reeves, but is still above the Bank of England's 2% target.BBC News - 22m -
UK inflation unexpectedly cools to 2.5%, core price print slows further
U.K. inflation fell to a lower-than-expected 2.5% in December, with core price growth slowing further, according to data released by the Office for National Statistics.CNBC - 2h -
Reeves shrugs off calls for resignation as she promises UK growth plan
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