SME NewsCurrent Inflation Rate Unchanged – 12/07
Slower rises in utility bills and other household discounts lead to static CPI in December 2007.
Figures from the Office for National Statistics released today show that the consumer prices index (CPI) remained static during December 2007 at 2.1% – the same as the previous month.
According to government statisticians downward pressure was exerted as a result of lower increases in utility bills compared to a year ago and discounting in the furniture and furnishings sector.
At 2.1% the UK CPI stands considerably lower than the European Union’s 3.1% for the same period.
The retail prices index (RPI) fell to 4.0% in December, down from 4.3% in November due to smaller average mortgage increases than a year ago.
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