UK CPI rises 0.2 per cent in December YoY, matches estimates

FXStreet (Mumbai) - The ONS today reported UK’s consumer price index (CPI) in December rose 0.2 per cent year on year, up from 0.1 per cent seen previously and matching market estimates. Month on month, CPI came in at 0.1 per cent after having stagnated in November.

The only substantial upward push on inflation between November and December 2015 came from price movements for transport costs, particularly air fares and to a lesser extent motor fuels.

Increase in the inflation rate between November and December can be attributed to rise in air fares. Prices for motor fuels however fell between November and December 2015.