Suren Thiru, ICAEW Economics Director, responded to the UK inflation figures for December 2024, released by the Office for National Statistics today (Wednesday 15 January 2025) and said: “While this surprise decline provides some timely respite amid the financial markets turmoil, with the headline rate still decisively above the Bank of England’s 2% target and domestic and international inflation headwinds growing, any relief may be short lived.
