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Insider UK
Insider UK
Business
Holly Williams & Peter A Walker

Inflation eases further due to steep fall in fuel prices

Falling fuel prices are expected to have helped UK inflation ease back again last month, offering further signs that the peak of the cost of living crisis has passed.

The Office for National Statistics (ONS) has revealed that the rate of Consumer Prices Index (CPI) inflation falling to 10.5% in December, from 10.7% in November.

It is thought that sharp drops in the prices at petrol pumps is behind the decline, which would mark the second month in a row that the rate of inflation has dropped back.

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