UK inflation rate in December 2019 drops to 1.3% on a YoY basis 

 

  • The consumer price inflation (CPI) in the UK cooled down in December 2019 to 1.3% on a YoY basis. Also, the latest inflation rate remained below the consensus estimate of 1.5% for the reported period.
  • The annual core inflation rate which does not take energy, food, tobacco and alcoholic beverages slumped to 1.4%, the lowest rate in nearly three years and was well below the consensus expectation of 1.7%.