Inflation falls due to drop in prices of toys and clothing

Inflation in December dropped from 3.1 per cent 3 per cent.
Publish date:
Screen Shot 2018-01-16 at 15.19.46

Inflation has fallen in December from 3.1 to 3.0 per cent. Inflation was at its highest point since March 2012 in November.

The Office for National Statistics has attributed the result to the drop in prices for clothes and toys, with the falling price of board games and rise in popularity of video games causing an overall drop in prices.

The result was generally in line with economists predictions, following the drop in value of the pound in the wake of Brexit.

ONS senior statistician James Tucker said: "Inflation has been running at roughly the same rate since last spring following significant increases, partly due to the weaker pound after the European referendum.

"It remains too early to say whether today's slight fall is the start of any longer-term reduction in the rate of inflation."


Featured Jobs

Copyrights Group

Marketing Manager

The Copyrights Group is one of the licensing arms within The Vivendi Group. Acquired by Vivendi in 2016 Copyrights manages the licensing for a portfolio of properties to include Paddington Bear. Some of the other companies within the Vivendi Group include Universal Music Group, and their licensing arm Bravado, Gameloft and Studiocanal to name a few.