FOREX TradingCharts.com

Financial News: UK Inflation At 3-Year Low

UK Inflation At 3-Year Low

01/15/2020 - 05:16:00 (RTTNews)

(RTTNews) - UK consumer price inflation eased to a three-year low in December, the Office for National Statistics reported Wednesday.

Inflation slowed to 1.3 percent in December from 1.5 percent in November. The rate was forecast to remain steady at 1.5 percent.

On a monthly basis, consumer prices remained flat after rising 0.2 percent a month ago. Prices were expected to rise again by 0.2 percent.

"Inflation eased in December as prices for hotel stays dropped. Women's clothing prices also fell with more items being discounted," ONS Head of Inflation Mike Hardie said.

Another report from ONS showed that output price inflation accelerated to 0.9 percent in December from 0.5 percent in November. This was the first time the rate has picked up since July 2019.

Month-on-month, output prices remained flat, following three straight months of negative change.

At the same time, input prices decreased for the fifth consecutive month. Input prices fell 0.1 percent annually, slower than the 1.9 percent decline in November.

On a monthly basis, input price inflation fell to 0.1 percent from 0.5 percent in November.

In a separate communique, the ONS reported that average house prices increased 2.2 percent over the year to November, up from 1.3 percent in October.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Consumer Sentiment Shows Slight Deterioration In January (02 hr(s), 11 min(s), 54 sec(s) ago)
(RTTNews) - A report released by the University of Michigan on Friday showed a slight deterioratio ...Full Story»

U.S. Industrial Production Dips Amid Slump In Heating Demand (07 hr(s), 16 min(s), 54 sec(s) ago)
(RTTNews) - With utilities output plummeting amid a slump in demand for heating, the Federal Reser ...Full Story»

U.S. Housing Starts Skyrocket To 13-Year High In December (07 hr(s), 29 min(s), 54 sec(s) ago)
(RTTNews) - After reporting significant increases in new residential construction in the two previ ...Full Story»

U.S. Housing Starts Spike 16.9% In December (08 hr(s), 02 min(s), 54 sec(s) ago)
(RTTNews) - After reporting significant increases in new residential construction in the two previ ...Full Story»

UK Retail Sales Fall Unexpectedly During Festive Season (09 hr(s), 14 min(s), 54 sec(s) ago)
(RTTNews) - UK retail sales declined unexpectedly even in festive season in December signaling tha ...Full Story»

Eurozone Construction Output Recovers In November (09 hr(s), 20 min(s), 54 sec(s) ago)
(RTTNews) - Eurozone construction output recovered in November, Eurostat reported Friday. Co ...Full Story»

Portugal Producer Prices Decline For Seventh Month (09 hr(s), 34 min(s), 54 sec(s) ago)
(RTTNews) - Portugal's producer prices fell for the seventh month in a row in December, figure ...Full Story»

Italy Inflation As Estimated; Trade Surplus Rises (09 hr(s), 34 min(s), 54 sec(s) ago)
(RTTNews) - Italy consumer price inflation increased in December as estimated, final data from the ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Consumer Sentiment Shows Slight Deterioration In January

01/17/2020 - 14:34 PM (RTTNews)
(RTTNews) - A report released by the University of Michigan on Friday showed a slight deterioratio ...Full Story>>

U.S. Industrial Production Dips Amid Slump In Heating Demand

01/17/2020 - 09:29 AM (RTTNews)
(RTTNews) - With utilities output plummeting amid a slump in demand for heating, the Federal Reser ...Full Story>>

U.S. Housing Starts Skyrocket To 13-Year High In December

01/17/2020 - 09:16 AM (RTTNews)
(RTTNews) - After reporting significant increases in new residential construction in the two previ ...Full Story>>

U.S. Housing Starts Spike 16.9% In December

01/17/2020 - 08:43 AM (RTTNews)
(RTTNews) - After reporting significant increases in new residential construction in the two previ ...Full Story>>

UK Retail Sales Fall Unexpectedly During Festive Season

01/17/2020 - 07:31 AM (RTTNews)
(RTTNews) - UK retail sales declined unexpectedly even in festive season in December signaling tha ...Full Story>>
Copyright © 2020. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.