UK inflation unexpectedly rises to 4% in December

Inflation rises after two consecutive months of sharp falls

Valeria Martinez
clock • 3 min read
Prior to this morning’s data release, some economists had brought forward predictions for BoE rate cuts
Image:

Prior to this morning’s data release, some economists had brought forward predictions for BoE rate cuts

The annual rate of UK inflation unexpectedly rose to 4% in December, tempering bets of an early interest rate cut by the Bank of England (BoE).

According to the Office for National Statistics, the uptick was in large part due to an increase in tobacco and alcohol prices, rising 12.9% in the year to December, while food and non-alcoholic be...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Buzz: Are you concerned tax relief changes could mandate investment in UK assets?

Buzz: Are you concerned tax relief changes could mandate investment in UK assets?

Tax relief changes, DWP terminal illness definition, hybrid asset ownership model, AI adoption

Professional Pensions
clock 20 October 2026 • 1 min read
Guy Opperman says industry in agreement VfM is a 'slow-moving car crash'

Guy Opperman says industry in agreement VfM is a 'slow-moving car crash'

Former pensions minister claims widespread industry criticism of the framework

Alex Levy
clock 20 October 2026 • 2 min read
UK ranks 14th in global retirement index as pension systems under 'real strain'

UK ranks 14th in global retirement index as pension systems under 'real strain'

Marsh and CFA Institute say guided retirement could ‘shift the dial’ on decumulation

Alex Levy
clock 20 October 2026 • 2 min read
Trustpilot