By THIS IS MONEY
Up to date: 02:55 EST, 15 January 2025
The buyer costs index dipped to 2.5 per cent within the yr to December amidst falling resort costs, in response to the Workplace for Nationwide Statistics.
Among the many firms with experiences and buying and selling updates at the moment are Serco, Fuller’s, Currys, Hays, Vistry Group, and Frontier Developments.
Inflation marginally falls
‘December’s dip in inflation received’t final lengthy’
Thomas Pugh, economist at RSM UK, feedback on the newest UK inflation figures:
December’s dip in inflation received’t final lengthy. The mix of corporations passing via the massive enhance in labour prices imposed by the funds, will increase in taxes and rising power costs means inflation will breach 3% within the Spring, forcing Governor Bailey to pen his first letter to Rachel Reeves.
The tick down in inflation in December does elevate the probabilities of a charge lower in February, however rising inflation this yr means the Financial institution of England will lower charges cautiously.
Inflation charge drops from 2.6% to 2.5%
Embattled Rachel Reeves was provided a shock respite at the moment as inflation unexpectedly dipped.
The headline CPI charge slid to 2.5 per cent in December from 2.6 per cent the earlier month, with core inflation additionally slowing.
Share or touch upon this text:
BUSINESS LIVE: Inflation falls to 2.5%; Serco wins $247m contract; Fuller’s enjoys sturdy Christmas
Some hyperlinks on this article could also be affiliate hyperlinks. When you click on on them we might earn a small fee. That helps us fund This Is Cash, and maintain it free to make use of. We don’t write articles to advertise merchandise. We don’t permit any industrial relationship to have an effect on our editorial independence.