United Kingdom Inflation Rate Unchanged at 2.7% in December


The Consumer Prices Index annual inflation stands at 2.7 per cent in December of 2012, unchanged from November according to a release from the Office for National Statistics.

The Consumer Prices Index annual inflation stands at 2.7% in December of 2012, unchanged for the third month in a row. At a more detailed level, there were significant upward and downward pressures on the index. The largest upward pressure came from the price increases in gas and electricity bills. Air fares provided the largest downward pressure, with prices rising at a far slower rate than a year ago

The Retail Prices Index annual inflation stands at 3.1% in December 2012, up from 3.0% in November. Utility bill increases were the largest contributor to the rise

ONS | Nuno Fontes | nuno@tradingeconomics.com
1/15/2013 9:34:35 AM