UK inflation 'peaks' as sterling hits post-Brexit high

CPI drops to 3%

clock • 4 min read

UK inflation has peaked and is now on a downward trajectory, market commentators have said, as today's figures from the Office for National Statistics (ONS) show the Consumer Price Index (CPI) dropped from a five-year high of 3.1% in November to 3% in December.

The slight decline, the first drop since June 2017, was in line with expectations and partly a result of a weaker increase in air fares compared to the same month in 2016. In addition, higher im...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

AA Pension Scheme appoints Van Lanschot Kempen as fiduciary manager

AA Pension Scheme appoints Van Lanschot Kempen as fiduciary manager

Mandate follows extensive selection exercise over an extended period

Jonathan Stapleton
clock 26 March 2024 • 2 min read
Partner Insight: Diversification and income drive investor appetite for real assets 

Partner Insight: Diversification and income drive investor appetite for real assets 

Challenging markets reinforced the value of real assets in providing diversification and uncorrelated returns.

Sarka Halas
clock 25 March 2024 • 1 min read
Fulcrum and Waystone partner to secure FCA approval for private markets LTAF

Fulcrum and Waystone partner to secure FCA approval for private markets LTAF

DC offering will invest in blend of private market asset classes

Jonathan Stapleton
clock 21 March 2024 • 1 min read
Trustpilot