Wednesday, February 8, 2023

UK inflation moderated to 10.5% in December 2022

The interannual inflation rate in the United Kingdom stood at 10.5% last December, compared to 10.7% registered in November, in what represents the second consecutive downward adjustment, as reported on Wednesday by the National Statistics Office British (ONS).

In December, the year-on-year rise in the price of food and non-alcoholic beverages accelerated to 16.8%, compared to 16.4% in November, while housing supplies increased their cost by 26.6%, in line with the rise in the last month. For its part, transportation moderated its year-on-year increase to 6.5% from 7.2% in November.

For its part, the underlying CPI, which excludes the volatility of energy, food, alcohol and tobacco prices, stood at 6.3% in December, the same as in November.

In monthly terms, prices registered an increase of 0.4% in the last month of the year, in line with the monthly rise in November and slightly below the 0.5% increase in December 2021.

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