The CPI (consumer price inflation) in the UK recorded a growth of just 0.5%. Bloomberg stated that this is the lowest level in nearly 15 years. The fall in oil and energy prices in December is blamed for this figure. In addition, supermarket price wars are contributing to the stagnation in prices.
A number of traders have mentioned that quantitative easing may be expected as the Bank of England governor, Mark Carney is in need of a healthy inflation figure for the economy to expand.
The December CPI report can be found here.
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