UK annual consumer inflation slows to 10.5% in December

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UK consumer inflation (CPI) decelerated for the second consecutive month in December, after reaching a 41-year high last October.

Data from the ONS, as the country’s statistics body is known, show that the annual British CPI rate stood at 10.5% in December, losing strength from the 10.7% level in November.

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In October, the annual CPI had reached 11.1%, the highest level since October 1981. The December result was in line with the forecast of analysts consulted by the The Wall Street Journal.

On a month-on-month basis, the UK CPI rose 0.4% in December, also as predicted by the market.

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The core of the British CPI, which disregards energy and food prices, increased by 0.5% in December compared to November.

In the annual comparison, the core CPI rose by 6.3% in the last month. Variations were also in line with projections.

Source: CNN Brasil

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