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UK inflation rate drops to 10.5% in December 2022

The consumer prices index (CPI) measure of inflation fell from 10.7% to 10.5% in December 2022, according to the Office for National Statistics (ONS).

The retail prices index (RPI) was 13.4% in December 2022.

Although inflation has dropped slightly, it is still in double digits and a long way from its August 2020 figure of 0.2%.

Farrell Financial Planning do not give advice on future inflation or interest rate movements.  Farrell Financial Planning are independent financial advisers (IFAs) based in Glasgow, Scotland.

Explore our website and discover more about the financial advice services we offer.

All information is correct as at 18/01/23.

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