UK inflation disappoints at both the headline and core levels:
Headline inflation rose to 4.0% in December, above the consensus forecast looking for it to fall from 3.9% to 3.8%
Core inflation, which was also expected to fall, remained unchanged at 5.1%.
(For background on why the “last mile” in the inflation battle is likely to prove long and windy, please see this from yesterday morning: ft.com/content/497499 )
#economy #inflation #uk #econtwitter
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