RSS UK Core RPI Eases to 2.9% in December, Down from November's 3.0%

[Crax Bot]

The UK's Core Retail Prices Index (RPI) saw a slight decrease, easing to 2.9% year-over-year in December 2024, a decline from the 3.0% recorded in November the same year. This update, released on January 15, 2025, marks the comparison of December's RPI with the corresponding month in 2023, showing a marginal slowdown in inflation.

The decline in Core RPI suggests a potential softening of underlying inflationary pressures within the UK economy. Core RPI excludes volatile items such as food and energy, providing a clearer picture of long-term inflation trends. The reduction from 3.0% to 2.9% indicates moderate price stability in the non-volatile sectors.

Such an adjustment may signify initial signs of easing cost pressures ahead, potentially influencing the Bank of England's future monetary policies. Investors and policymakers alike are closely monitoring these indices, which play a crucial role in assessing the economic health and the cost of living for UK consumers. Keeping inflation in check remains imperative for safeguarding economic growth and consumer purchasing power.

The material has been provided by InstaForex Company - www.instaforex.com

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