Inflation falls: UK prices rose just 3% to end 2017
|01/16/2018||Posted by BusinessMediaguide.Com under General World News||
- Inflation drops from 3.1% in November to 3% in December, as forecast.
- 3% remains among the highest inflation rates in recent years, put it appears that price growth may now have peaked.
- The sharp fall in the value of the pound following the UK’s vote to leave the EU last year has raised the cost of imports, driving inflation.
LONDON — Inflation in the UK dropped a little in December as signs appear that Britain may have passed the peak level of the inflation driven by sterling’s post-Brexit vote drop.
The Office for National Statistics said on Tuesday that the UK’s Consumer Prices read more >>>