The fall follows an unrevised growth of 0.1% in the previous month to November 2022.
The ONS said that in the three months to December, gross domestic product (GDP) was unchained.
GDP measures the value of goods and services produced in the UK.
It also estimates the size of and growth in the economy.
The news comes after Bank of England forecasts predicted that GDP would have grown by 0.1% in the final quarter of 2022.
Because GDP remained unchanged in the final quarter of last year, the UK has narrowly avoided a recession for the second time in a year.
The country was first spared from recession earlier in the year when the ONS revised its GDP figures for the second quarter.
A country is considered to be in recession when GDP shrinks for two consecutive quarters.
GDP last fell by 0.3% in the third quarter of 2022.
And the Bank of England warned last week that the UK economy will shrink in 2023.
The Bank predicts that GDP will fall in all four quarters of 2023 and into the first quarter of 2024.
It blames high energy prices and the path of market interest rates for reduced economic output