UK CPI eases to 2.1% y/y in December, meets estimates

The UK Consumer Prices Index (CPI) 12-month rate came in at 2.1% in December, down from November’s 2.3% and meeting the 2.1% print expected, the UK Office for National Statistics (ONS) reported on Wednesday. 

Meanwhile, the core inflation gauge (excluding volatile food and energy items) arrived at 1.9% y/y versus 1.8% booked in November while bettering the consensus forecast of 1.8%.

The monthly figures showed that the UK consumer prices steadied at 0.2% in December, matching 0.2% expectations.