UK inflation falls from 41-year high as fuel price surge eases
LONDON — U.K. inflation came in slightly below expectations at 10.7% in November, as cooling fuel prices helped ease price pressures, though high food and energy prices continued to squeeze households and businesses. Economists polled by Reuters had projected an annual increase in the consumer price index of 10.9% in November, after October saw an […]
Prices rose less than expected, up 7.1% year ago
Prices rose less than expected in November, the latest sign that the runaway inflation that has been gripping the economy is beginning to loosen up. The consumer price index, which measures a wide basket of goods and services, rose just 0.1% from the previous month, and increased 7.1% from a year ago, the Labor Department […]
