Inflation Remains Low For December

The latest figures from the Office of National Statistics (ONS) showed that inflation remains at a low level in December, despite a slight increase on the previous month.

Underlying inflation rose 0.1 percentage points to 1.9%, but is still below the government’s target of 2.0-2.5%. Cheaper mortgage rates caused the headline rate of inflation to fall by 0.2 percentage points to 0.7%.

The Retail Prices Index for December was 173.4

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