UK consumer price inflation eased to a three-year low in December, which is likely to force more policymakers to favor a rate cut as soon as later this month.
Data from the Office for National Statistics revealed that inflation slowed to 1.3 percent in December, while it was forecast to remain unchanged at 1.5 percent. This was the lowest since November 2016.
"Inflation eased in December as prices for hotel stays dropped. Women's clothing prices also fell with more items being discounted," ONS Head of Inflation Mike Hardie said.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.