UK December Inflation Rises
January 20 2021 - 2:44AM
Dow Jones News
By Xavier Fontdegloria
Annual consumer-price inflation in the U.K. rose in December,
data from the Office for National Statistics showed Wednesday.
Consumer prices rose 0.6% on the year in December, compared with
a 0.3% rise in November. The reading matches expectations from
economists polled by The Wall Street Journal.
The year-on-year acceleration in inflation was fuelled by
increasing prices for alcoholic beverages and tobacco, and
recreation and culture.
Consumer prices remained flat in December compared with the
previous month, the data showed. The inflation rate remains well
below the Bank of England's 2% target.
Write to Xavier Fontdegloria at xavier.fontdegloria@wsj.com
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(END) Dow Jones Newswires
January 20, 2021 02:29 ET (07:29 GMT)
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