UK inflation rate in December 2019 drops to 1.3% on a YoY basis 

  • Jan 15, 2020 GMT
  • Team Kalkine
 
  • The consumer price inflation (CPI) in the UK cooled down in December 2019 to 1.3% on a YoY basis. Also, the latest inflation rate remained below the consensus estimate of 1.5% for the reported period.
  • The annual core inflation rate which does not take energy, food, tobacco and alcoholic beverages slumped to 1.4%, the lowest rate in nearly three years and was well below the consensus expectation of 1.7%.

With Bank of England reducing the interest rates to a historic low level, the spotlight is back on diverse investment opportunities. 

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