Inflation in the United Kingdom fell to 3.6 per cent last month – its lowest level for over a year.
The Office for National Statistics (ONS) today released new figures showing the UK’s consumer price index (CPI) fell to 4.2 per cent in December. Used as a measure of inflation, the report showed CPI continued to fall from its peak of 5.2 per cent in September. December’s fall was attributed to transport, housing and household services, clothing and footwear and alcoholic beverages and tobacco.
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