Inflation in the UK in December fell to a minimum of 2 years

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For the first time in 2 years, inflation in Great Britain in December approached the target value of the Bank of England (2%). Prices for consumer goods rose by 2.1% in December against 2.3% in November, which corresponds to the lowest level since the beginning of 2017. Compared to November, prices for consumer goods increased by 0.2%, as in the previous month. In August, the Central Bank of the United Kingdom raised the base rate, so the decline in inflation was in line with market expectations. The CPI Core index, which does not include the price of food and non-alcoholic beverages, on the contrary, rose to 1.9% from 1.8% in November. Food prices rose in December by 0.9%, prices for clothing and footwear decreased by 1%. Transport services and real estate grew by 0.8% and 1.1%, respectively.

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