The UK’s inflation rate has dropped due to weaker services inflation, but economists suggest a unique factor – the collection of Christmas air fare prices in December. Normally, these dates are considered off-peak and cheaper for flights, yet this year’s data was collected on December 24th and 31st, potentially impacting the results. This unusual approach may have contributed to the lower-than-expected inflation rate, offering a welcome surprise to the British economy.
Source: https://www.bloomberg.com/news/articles/2025-01-16/uk-inflation-lowered-by-stats-body-using-christmas-eve-air-fares