Tuesday November 24, 2020

British inflation slows to November 2009 levels

British inflation has slowed to the weakest level since November 2009, according to figures published today by the Office for National Statistics in London.

19th June, 2012
2
Bank of England Governor Mervyn King

British inflation has slowed to the weakest level since November 2009, according to figures published today by the Office for National Statistics in London.

Consumer prices rose by 2.8 per cent from a year earlier, compared with a 3 per cent increase in April, according to a report by Bloomberg News.

Price pressures are easing as oil and food costs drop, and Europe’s debt turmoil continues to weigh on Britain. The Bank of England responded last week by...

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