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Press Release

16 January 2018

Is UK inflation past its peak?

UK inflation has dipped for the first time since the summer to 3%, down from 3.1% in November. 
 
Joel Dungate, investment analyst at Redmayne Bentley, said: “There will be some relief that inflation has fallen for the first time since June, but at 3% it remains considerably higher than the Bank of England’s 2% target. The major question on people’s lips will be whether this is the start of a general trend of falling inflation which would help to ease the financial pressure on UK households. The Bank of England certainly thinks so, believing that inflation peaked at the end of last year and will return to 2% this year. The bank will hope that it is right, since it will remove the need for any immediate rate rises in order to bring inflation under control, which would be an unwelcome move given the UK’s current pedestrian growth.”
 
 
 
Is UK inflation past its peak?
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