Part of the upward pressure on inflation is coming from weak productivity growth, which has plagued the United Kingdom economy since the recession. "At the same time, we hope to see inclusion of petrol and diesel under GST in coming months, which should also help in lowering the pressures of fuel inflation", Shah said. "The dip in inflation for primary food articles in the WPI for December might signal some correction in the CPI inflation for food items in the ongoing month", says Aditi Nayar, principal economist, Icra. The decreasing toy and toy prices in December also contributed to - the inflation rate.
"Inflation remains well above the Bank of England's 2% target and British households are likely to continue to find their finances under pressure if wage growth doesn't pick up and interest rates remain at 0.5%". Fuel and power inflation rose to 9.16 per cent in December, up from 8.82 per cent in November, suggesting that industry is likely to see a compression in margins.
Commenting on the ONS figures Paul Hollingsworth, senior United Kingdom economist at Capital Economics, said: "The fall-back in CPI inflation from 3.1% in November to 3% in December marks the beginning of what we expect will be a sustained downward trend over the course of this year".
"I see no reason why United Kingdom inflation will not gradually return to the very low levels which persist among our developed world peers", Brettell said.
Is another interest rate rise on the cards?
'Big themes like an ageing demographic and the rise of disruptive technologies are exerting downward pressure on prices, ' he notes. "I'd be somewhat surprised if rates were higher than 0.75% by the end of the year".
On Monday, BoE rate-setter Silvana Tenreyro said she felt the central bank had "ample time" to look at the impact of its rate hike in November - the first in more than a decade - before moving again.
The report, however, said policy tightening moves may be brought forward to mid-2018 (one 25 bps hike) if FY19 the Budget due carries signs of a sharp fiscal slippages due to a jump in spending or if food prices increases as there are concerns that this year's supply glut in some crops might lead to a shift in production trends next year and a concomitant shortage in supply.
When asked if she'd ever had regrets about transitioning, she said: "As soon as I left intensive care I felt that pain". In 2016, she appeared on ITV's Judge Rinder show (similar to Judge Judy in the US), and talked about her transition.
Obama's appearance on Letterman's " My Next Guest Needs No Introduction " is set for January 12, Netflix announced Friday . Above is the first teaser trailer for the series, titled My Next Guest Needs No Introduction with David Letterman .
Trebek posted a video on YouTube explaining he spent two days in the hospital following the surgery and is now recovering at home. After receiving a diagnosis of a subdural hematoma, he underwent surgery to remove the hematoma on December 16.
By having a hard-to-find balloon and finding others' much quicker, you can earn coins and climb up an online leaderboard ranking. The update will also include some new outfits for Mario to wear on his journeys through the different kingdoms.
Andrew is IGN's executive editor of news and could never play everything coming to Switch even if time stopped for a year. But before we get into all of that, check out the Mario Tennis Aces portion of the Direct below at around the 4:35 mark.
That setup a first down at the Bison 29-yard line for the Dukes, however the Bison defense would answer once again. The teams traded field goals in the final minute of the first half and the Bison took a 17-6 lead into halftime.
Despite Karni Sena threatening to stall theatres screening Padmavat , UP government has given a green signal to the film so far. Paramount Pictures will distribute the film across select global markets, including non-traditional territories.
I for one can't help but feel like this project is a bit of extra justification for the Razor phone's shortcomings and existence. Project Linda proves interesting for mobile gaming, adding mouse and keyboard control for extra precision.
The vaccination is available at most healthcare providers' offices, local health departments and retail pharmacies. The three flu-related deaths are the first ones in Tarrant County in a flu season that has gripped North Texas.
The White color edition of the OnePlus 5T smartphone has a different texture than the original Black Color edition of the phone. And if you're confused between the Midnight Black and Sandstone White, here's our take on what the new variant has to offer.
£96.8m Dembele faces second Barcelona lay-off
Barcelona reached the halfway point of the season unbeaten and with a nine-point lead over second-placed Atletico Madrid . Barcelona are one of three sides yet to score any goals in this period.
England outplays Australia in ODI
Roy without doubt was named the player of the match as England take a 1-0 lead in the five-match series. On the contribution of Finch and Stoinis, he added: "Yeah, they played nicely".
Everything settled among Supreme Court judges: AG
The Judges also said that they won't recommend impeachment of the CJI by Parliament and that it was for the people to decide. Soon after the press conference ended, the CJI called Attorney General K K Venugopal for a meeting, court sources said.
Celine Dion will perform in Singapore in July
Her ongoing Las Vegas residency at The Colosseum at Caesars Palace kicked off in 2011 and is set to run till June next year. The statement added that Dion should be able to return to the stage for her next scheduled concert on Friday.
Carabao Cup Semi-Final, Chelsea vs Arsenal
Eden Hazard , meanwhile, seems to have recovered from his calf problem and looks set to appear in the match. The tournament is better known to football fans as the League Cup.
Couple accused of murdering four-year-old captured in Georgia
A GoFundMe page initially set up to help her family bury her has since been removed , but a second one has been established. Upon reaching the spot, they found the severely burnt victim and rushed her to Saint Joseph Mercy Hospital, Ann Arbor.
DACA Fix Should Be a Bipartisan 'Bill of Love'
DACA has become a bargaining chip as Congress moves closer to having to pass a spending bill or shut down the government. House Majority Leaders Kevin McCarthy, R-Calif., then added quickly that Republicans want security included.
Liverpool attacker Salah named African Player of the Year
The announcement was made at the 26th edition of the Confederation of African Football (CAF) awards gala held in Accra. He netted the stoppage time penalty against Congo, which sent the Egyptian team to the world cup competition.