1/20, 8:02 AM (Source: TeleTrader)
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UK consumer inflation at 0.6% in December

The Consumer Price Index (CPI) in the United Kingdom increased 0.6% in December, compared to the same month a year before, the Office for National Statistics reported on Wednesday. The index rose from 0.3% in November. Including owner occupiers' housing costs (CPIH) the 12-month inflation rate stood at 0.8% in December, climbing from 0.6% recorded in June.

Prices in recreation and culture, as well as the rising cost of transport, contributed most to the increase in inflation. Meanwhile, a decrease was seen in food and non-alcoholic beverage prices, minimizing some of the inflation increase overall.

On a monthly basis, the CPI rose by 0.3% in December and the CPIH was up by 0.2%.

Breaking the News / VP