U.K. Inflation Slows to BOE Target for 1st Time Since ’09

U.K. inflation unexpectedly slowed in December, cooling to the Bank of England’s 2 percent target for the first time in more than four years.

Consumer-price growth eased from 2.1 percent in November, the Office for National Statistics said today in London. The median of 32 estimates in a Bloomberg News survey was for it to remain unchanged. Downward pressure from food prices including fruit and meat offset an upward effect from electricity, gas and petrol costs.