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UK Inflation Slows to 2.5% in December, Below Expectations.

UK inflation fell to 2.5% in December, below the anticipated 2.6%, as reported by the Office for National Statistics. Services inflation decreased from 5% to 4.4%, lower than economists' 4.9% prediction. The dip in inflation could raise the likelihood of an interest rate reduction by the Bank of England's Monetary Policy Committee. Inflation continues to surpass the Bank of England's 2% goal, as foreseen in November.