Wednesday, 16 January 2008

Inflation unchanged, unemployment down.

UK inflation remained unchanged in December with the Consumer Prices Index (CPI) figure - the government's preferred measurement - held at 2.1% for a third month in succession. The biggest inflationary pressure was continuing high food prices. The Retail Price Index (RPI) inflation measurement, which includes mortgage interest payments, eased to 4% from 4.3% in November. Higher energy prices are expected to feed their way into the inflation rate in the next few months.
UK unemployment fell by 13,000 between September and November to stand at 1.65 million.
The number of people claiming jobseeker's allowance in December fell by 6,400 to 807,700 which was the lowest number since 1975 and the 15th consecutive monthly fall in the number of claimants. Analysts said the data suggested the UK job market remained robust despite expectations of an economic slowdown.

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