UK inflation still in letter-writing territory

British CPI inflation in the year to December was 3.1%, down a full percentage point from the November figure but still significantly above the Bank of England's 2% target.

The one percentage point change, reported by the Office for National Statistics, the government's statistics bureau, on Tuesday was largely a result of the government's 2.5 percentage point cut in Value Added Tax. The slump in petrol and diesel prices, other transport costs and sharper retail discounting also contributed.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: