UK December CPI +10.5% vs +10.5% y/y expected

• Prior +10.7%
• CPI +0.4% vs +0.4% m/m expected
• Prior +0.4%
• Core CPI +6.3% vs +6.2% y/y expected
• Prior +6.3%
• Core CPI +0.5% vs +0.4% m/m expected
• Prior +0.3%

The readings are more or less in-line with estimates with the annual reading fore core inflation keeping unchanged from November. This just reaffirms that while price pressures are easing more significantly elsewhere, it doesn't seem to be that much the case for the UK with headline inflation still at double-digits.

A standout detail in the report is that food and non-alcoholic beverage inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term is at the highest since 1977. That underscores the notion that inflation is getting more embedded into other parts of the economy, not just purely driven by energy prices.