Article preview: The latest official figures show price inflation in the UK falling to its lowest level in nearly two years. According to the Office for National Statistics, the Consumer Prices Index (CPI) measure of price inflation has fallen to 2% in the year to December. It was previously at 2.2% in the twelve month period to November 2018. This CPI inflation measure includes housing costs for owner occupiers.
Lowest price inflation in nearly two years
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This 631 word blog post considers the latest official price inflation figures, showing CPI inflation falling to its lowest level in nearly two years. Includes comments from Mike Hardie, head of inflation at the ONS and Dr Jason Lennard, Senior Economist at the NIESR, along with a suggestion that the Bank of England is now less likely to hike interest rates in light of this data. Written on 16th January 2019.
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