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UK Inflation Drops to 12 Year Low

Lower fuel prices have pushed the UK’s rate of inflation down to a 12-year low, official statistics show.

The Consumer Prices Index inflation measure – which assesses the cost of basic household goods – fell to a rate of 1% in November from 1.3% in October.

The fall is being dubbed an “early Christmas present” for consumers.

But some investors are concerned that it could slow the UK’s economy, as people delay purchases, expecting prices to fall even further.

Inflation as measured by the Retail Prices Index fell to a five-year low of 2%, down from 2.3%.

via BBC [1]

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Alfonso Esparza

Alfonso Esparza [6]

Senior Currency Analyst at Market Pulse [7]
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza
Alfonso Esparza

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