UK inflation rises

Consumer Price Inflation, December 2015: ONS

  • The Consumer Prices Index (CPI) rose by 0.2% in the year to December 2015, compared with a 0.1% rise in the year to November 2015.
  • Although this is the first month since January 2015 for which the rate has exceeded 0.1%, this continues the trend since early 2015 of the rate being very close to zero.
  • Movements in transport costs, particularly air fares and to a lesser extent motor fuels, were the main contributors to the rise in the rate.
  • Downward pressures from prices for alcohol and tobacco along with food and non-alcoholic beverages partially offset the rise
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