Current Inflation Rate Unchanged – 12/07

Slower rises in utility bills and other household discounts lead to static CPI in December 2007.

By News Desk
15th January 2008 at 10:40

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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