UK inflation rate falls to 2.5% in December
Published On Jan 15, 2025, 2:02 AM
The inflation rate in the UK decreased to 2.5% in December from 2.6% in November, according to the Office for National Statistics (ONS). However, this rate still remains above the Bank of England's target. The latest figures come at a time when government borrowing costs are rising significantly.
Stock Forecasts
XLY
Positive
With inflation falling but still above target, investors may anticipate a cautious stance from the Bank of England on interest rates. This situation might lead to fewer opportunities in the financial sector, but it could boost consumer spending in other areas. Sectors benefiting from increased consumer confidence could include retail and consumer discretionary stocks.
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