Inflation down slightly from upward path,

By rotide
Created 16/01/2018 - 15:56

December inflation rate came in today, slightly lower at 3 % from November's 3.1%, when most forecasters would have predicted the upward path to continue. They will probably be right next month as higher oil prices kick in, though.

Some economists are forecasting this about turn as signifying a return to month on month lower inflationary data coming through but with Brexit to blame for higher import prices and fuel costs heading upwards, this looks unlikely but the year is young.

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