UK Inflation Falls to 0.9%
Consumer Prices Inflation in the UK fell dramatically in December from 4.1% in November to 3.1% in December. This index is a reflection on prices that we pay for a range of goods and also services such as fuel and power.
Comparatively, the main headline rate of inflation that we all understand, Retail Prices Inflation (RPI) – which is the inflation level of a basket of selected goods, fell to just 0.9% from 3%. One of the biggest falls in nearly 30 years.
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