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Surprise fall in UK inflation to 2.5% eases pressure on Rachel Reeves

Surprise fall in UK inflation to 2.5% eases pressure on Rachel Reeves

  • By
  • January 15, 2025

After week of turbulence in markets, ONS data shows prices rose at slower rate last month than in November

  • Business live – latest updates
  • Dip in inflation opens way for February interest rate cut

UK inflation unexpectedly fell in December, handing some breathing space to the chancellor, Rachel Reeves, after a week of turbulence in financial markets.

With the government under pressure on the economy, figures from the Office for National Statistics showed the consumer prices index eased to 2.5%, below a reading of 2.6% in November, meaning prices rose at a slower rate.

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