Inflation December 2025 Uk

Inflation December 2025 Uk – Core cpi (excluding energy, food, alcohol and tobacco) rose by 3.7 per cent in the 12 months to january 2025, up from 3.2 per cent in december 2024. Inflation in 2025 and its effect on pound value. The pound had an average inflation rate of 2.60% in the last 12 months. The consumer prices index rose by 3% on an annual basis, compared to 2.5% in december.

Uk inflation unexpectedly slowed to 2.5 per cent in december, easing pressure on chancellor rachel reeves and clearing the path for the bank of england to press ahead with cutting interest rates. High inflation is one of the main factors behind the ongoing cost of living crisis in the uk, which, despite subsiding somewhat in 2024, is still impacting households going into 2025. The main driver behind the latest resurgence in inflation was a bounce in airfares, fuel and food costs as well as the increase in private school fees after the labour government made them subject. The uk annual inflation rate, as measured by the consumer prices index (cpi), was 3.0% in january 2025, up from 2.5% in december.

People shop at a grocery market, in london, britain may 6, 2023. Price indices percentage changes and weights for the different measures of consumer price inflation. The boe forecast in early november that inflation would be 2.5% in december before rising to around 2.75% in the second half of 2025.

As a result, the real value of a pound has been decreasing recently. The rate of uk inflation went up by more than expected in january. Price indices percentage changes and weights for the different measures of consumer price inflation.

£1 in 2024 is equivalent in purchasing power to about £1.03 today. Analysts had been forecasting a reading of. The largest upward contributions came from transport costs (mainly air fares and motor fuels) and food prices.

UK inflation shows surprise rise, denting Bank of England rate cut bets Reuters

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GlobalData.TSLombard on X "UK INFLATION We pencil in another couple of rate cuts this year and expect Bank Rate to reach 3.5 by December 2025 based on our central economic forecast. https//t.co/luHyAPQ4z6" /