Figures released this morning by the Office for National Statistics showed UK CPI inflation fell to a surprise 0.5% in December, the lowest level since May 2000. We round up the reaction from leading investors and economists.
UK CPI was 0.5% in the year to the end of December, down from 1% in November, materially below the 0.7% figure which had been expected by economists. The ONS cited afall in motor fuel prices, following...
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Initial FOC of 0.6%