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British FTSE 100 rises due to slowdown in inflation

Xinhua, January 14, 2015 Adjust font size:

FTSE 100 Index, the British benchmark stock market gauge, Tuesday increased by 0.63 percent, or 40.78 points, to 6,542.20 points.

The index rose on Tuesday as a sharper-than-expected slowdown in inflation enhanced expectations of consumer spending and eased the British central bank's pressure of rate rise.

The Britain's consumer prices index (CPI) fell to 0.5 percent in the year to December 2014, marking a almost 15-year low, data from the Office for National Statistics (ONS) showed Tuesday.

Some analysts believed the very low rates of inflation would help to boost growth.

Admiral Group's share price increased by 4.68 percent, topped the gainers of the blue chips. Morrison Supermarkets, International Consolidated Airlines Group, Centrica and Tesco increased by 4.47 percent, 4.22 percent, 4.14 percent and 3.64 percent respectively.

Tullow Oil led the top losers of the blue chips with a share price drop of 4.65 percent, followed by Glencore (3.76 percent), Ashtead Group (2.95 percent), Shire (2.83 percent) and Antofagasta (2.54 percent).

The index has decreased 0.35 percent so far this year when measured in U.S. dollar. Endit