January 18, 2017

United Kingdom Inflation Rate

   January 18, 2017

United Kingdom Inflation Rate

United_Kingdom_Inflation_Rate_%_TMMChart.png

Share this chart

Editor’s Remarks:
The UK’s inflation rate for December was announced on Tuesday, climbing up to 1.6% from 1.2% the previous month. The steady rise in price of British goods and services may come as a tentative source of concern for monetary policy setters as levels inch up towards the Bank of England’s target of 2%, having kept below it for the last two years. Inflation is still in an acceptable range, though it remains to be seen whether the forces which have pushed it from its pre-referendum rate of 0.5% to 1.6% might tip it over. These are thought to consist mainly of the upwards pressure on imported goods prices caused by the tumbling value of the pound, but the BoE’s stimulus package, announced by its governor Mark Carney in August 2016, could also have played a role – if its efforts to prevent the interest rate cut and £60bn bond-buying programme from being diluted as they pass down the UK financial system worked, that is

Get articles like this straight to your inbox each morning with our Breakfast Briefing. Sign up by clicking here!

Log in with your details

or    

Forgot your details?

Create Account

Send this to a friend