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Evening Standard
Evening Standard
Anna Wise

Surprise inflation dip provides ‘respite’ for Chancellor amid market turmoil

Inflation Rachel Reeves Bank of England Suren Thiru United Kingdom Office for National Statistics
A surprise dip in the rate of inflation in December has provided some ‘respite’ for Chancellor Rachel Reeves amid turmoil in the financial markets (Ben Birchall/PA) - (PA Wire)

UK inflation unexpectedly fell last month, official figures show, providing “timely respite” for Chancellor Rachel Reeves amid concerns over turmoil in the financial markets.

The cost of Government borrowing eased on Wednesday morning as traders reacted to the latest economic data.

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